Money launderer accused of stealing seized crypto while in prison
Prosecutors say he tried to move $290,000 in forfeited cryptocurrency through exchanges and mixing services while serving a 111-month sentence.
- Federal inmate Rossen G. Iossifov appeared in the Eastern District of Kentucky yesterday on charges of allegedly removing approximately $290,000 in cryptocurrency that the government had already ordered forfeited.
- Iossifov was serving a 111-month prison sentence for his role in a criminal conspiracy involving online auction fraud that victimized at least 900 Americans through fake advertisements for expensive goods.
- Prosecutors allege Iossifov moved funds through multiple cryptocurrency exchanges and illicit mixing services to prevent the United States from taking custody of the forfeited assets.
- Robert Holman, Special Agent in Charge of the U.S. Secret Service's Louisville Field Office, called the attempt "a direct challenge to our justice system." Iossifov faces a maximum 25 years if convicted.
- Since 2020, the Justice Department's Computer Crime and Intellectual Property Section has secured convictions for over 180 criminals and finalized the forfeiture of more than $400 million linked to crypto mixer Helix.
13 Articles
13 Articles
Man Laundered Over $290,000 in Cryptocurrency from Account Seized by the United States Government - FINCHANNEL
LEXINGTON, Ky. — Rossen G. Iossifov, 53, a former Bulgarian national, made an initial appearance in federal court in the Eastern District of Kentucky yesterday on charges of the destruction or removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering. The charges stem from Iossifov’s alleged role in the unauthorized withdrawal and transfer of approximately $290,000 in cryptocurrency that had been seized and forfeited by the United States.
Money launderer accused of stealing seized crypto while in prison
A Bulgarian national has been charged with stealing $290,000 in government-seized cryptocurrency while serving 121 months in prison for helping launder millions stolen from American fraud victims.
Inmate Already Doing 111 Months Charged Over $290,000 Stolen from Seized Kraken Account
Federal prosecutors have charged a prison inmate with moving roughly $290,000 in cryptocurrency that had already been forfeited to the… Read the original on Inmate Already Doing 111 Months Charged Over $290,000 Stolen from Seized Kraken Account. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Inmate Accused of Moving $290,000 in Crypto Already Forfeited to US Government
Federal prosecutors charged an imprisoned man with helping transfer cryptocurrency forfeited to the U.S. government. The indictment alleges roughly $290,000 left a restrained Kraken account through exchanges, mixing services, and a foreign bank. Federal Indictment Targets Alleged Transfer of Seized Cryptocurrency Federal prosecutors charged a man already serving a 111-month prison sentence with helping remove […]
DOJ Crypto Charge Targets Forfeited Funds
The DOJ crypto charge against Rossen G. Iossifov centers on an alleged $290,000 cryptocurrency transfer involving assets ordered forfeited after a prior conviction. Key Takeaways Prosecutors said the alleged January 2024 conduct involved about $290,000 in cryptocurrency. DOJ said Iossifov was already serving a 111-month prison sentence from a 2021 conviction. The agency said an...
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