Federal inmate allegedly moved $290K in forfeited crypto while serving fraud sentence

The post DOJ Crypto Theft Charges Against Federal Inmate appeared on BitcoinEthereumNews.com. A federal inmate already serving time for a multimillion-dollar fraud scheme now faces a fresh set of DOJ crypto theft charges after allegedly stealing roughly $290,000 in cryptocurrency that had already been forfeited to the U.S. government — and doing it from behind bars. Key takeaways Rossen G. Iossifov, a 53-year-old Bulgarian national, is charged with stealing approximately $290,000 in forfeited cryptocurrency while serving a federal prison sentence. The alleged theft occurred in January 2024, nearly three years after his 2021 conviction for an online auction fraud scheme that laundered nearly $5 million in cryptocurrency. He allegedly moved the funds through multiple exchanges and illicit mixing services to prevent government seizure. Current charges include removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering. If convicted, Iossifov face

The post Jailed Fraudster Charged With Moving $290K in Forfeited Crypto From Prison appeared on BitcoinEthereumNews.com. In brief 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

A convicted launderer serving time for a $5 million scheme allegedly moved crypto that a court had ordered him to forfeit.