A Bulgarian national, Rossen G. Iossifov, was charged in Kentucky for allegedly stealing $290,000 in government-seized cryptocurrency while already serving prison time for laundering money from American fraud victims. Prosecutors say he routed the funds through multiple exchanges and mixing services, tying the case to the Alexandria Online Auction Fraud Network and his earlier RG Coins laundering operation. #RossenGIossifov #RGCoins #AlexandriaOnlineAuctionFraudNetwork
Keypoints
- Rossen G. Iossifov was charged with removing seized property and conspiracy to commit money laundering.
- He allegedly moved $290,000 in seized cryptocurrency while incarcerated.
- The funds were reportedly routed through multiple crypto exchanges and mixing services.
- The earlier case involved RG Coins and the Alexandria Online Auction Fraud Network.
- Iossifov could face up to 25 years in prison if convicted.