According to Bloomberg, citing the U.S. Department of Justice, Rossen Iossifov, the founder of Bulgarian cryptocurrency exchange RG Coins, was indicted again while serving his sentence. He is accused of destroying or transferring assets to evade forfeiture and of participating in a money laundering scheme. Prosecutors allege that he unlawfully transferred approximately $290,000 in crypto assets that had been legally seized and forfeited by the United States. Iossifov was previously convicted in 2021 for helping launder millions of dollars in fraud proceeds and was sentenced to more than nine years in prison; these new charges carry a maximum penalty of 25 years.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-2d7346e0
· 9h ago
Haven’t served enough time in nine years yet, and still wants to add more punishment up to 25 years—crypto money laundering really is a high-risk profession.
View OriginalReply0
  • Pinned