Jailed Launderer Hit With New Charges Over Moving $290K in Crypto

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Rossen Iossifov, a Bulgarian national serving 111 months for laundering nearly $5 million, has been charged with conspiring to move $290,000 in cryptocurrency that a court had ordered forfeited. Prosecutors say he ran the transfers through multiple exchanges and mixing services in January 2024, while already in federal prison. Should he be found guilty of the new charges, Iossifov faces up to 25 years in prison. A Bulgarian man already serving time for one of the larger crypto laundering cases prosecuted in the U.S. has been charged with pulling off another scheme from inside federal prison, allegedly moving $290,000 in cryptocurrency that a court had ordered him to forfeit. Rossen Iossifov, 53, made his first court appearance in the Eastern District of Kentucky this week on charges of removing property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering, the Department of Justice said in a statement . Prosecutors allege that in January 2024 he conspired to withdraw and transfer the forfeited crypto through several exchanges and mixing services, which pool funds to hide their trail, to keep the money out of the government's reach. Defendants who "flout lawfully entered orders" from earlier cases will be charged for that obstruction, said Assistant Attorney General A. Tysen Duva of the Justice Department's Criminal Division. The U.S. Secret Service, which investigated both cases, called the alleged transfers a “direct challenge” to the courts and to his victims.

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