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💀 He Stole Government Crypto... From Prison.
Rossen Iossifov. Bulgarian. 53 years old.
He was already serving a 111-month sentence for fraud.
Maybe prison got boring.
So he decided to start a side hustle.
What did he do from prison?
A court had ordered the forfeiture of $290,000 worth of his crypto.
From prison, he arranged for those funds to be transferred through multiple exchanges and crypto mixers.
Government property.
Court-ordered seizure.
All from behind bars.
Background:
He owned RG Coins, a crypto exchange in Bulgaria.
He ran fake car ad scams on eBay and Craigslist, defrauding 900 Americans.
He laundered $5 million over three years.
Convicted in 2021 and sentenced to 10 years in prison.
Now he faces new charges:
↳ Property removal to prevent seizure.
↳ Money laundering conspiracy.
He went to prison for one fraud.
Then committed another fraud from prison.
Now he's facing even more time.
The man just couldn't stop.
Source: DOJ Official Press Release | BeInCrypto | Bloomberg