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
The post Cryptocurrency Caper: Prison Plot Unearthed appeared on BitcoinEthereumNews.com.
The United States Department of Justice has filed new legal action against Rossen Iossifov, a Bulgarian national currently serving a lengthy prison term, accusing him of orchestrating a scheme from behind bars. Iossifov is alleged to have attempted to transfer around $290,000 in cryptocurrencies out of the government’s jurisdiction, despite a standing court order to […] Continue Reading:Cryptocurrency Caper: Prison Plot Unearthed Source: https://en.bitcoinhaber.net/cryptocurrency-caper-prison-plot-unearthed
The post Dogecoin (DOGE) Is Bullish: 4 Longs Against 1 Short appeared on BitcoinEthereumNews.com.
Exchange flow is complimentary to Dogecoin Selling pressure dwindles Dogecoin may be displaying one of its strongest sentiment signals in recent weeks, despite months of ongoing weakness. Derivatives traders seem to be positioning for a recovery, with long positions significantly outnumbering short positions across major exchanges, even though the meme coin is still stuck in a larger downtrend on the price chart. Current market data indicates that Dogecoin’s long-to-short ratio is clearly favoring bulls. Exchange flow is complimentary to Dogecoin OKX traders are even more aggressive, keeping a ratio close to 3.5-to-1, whereas Binance accounts show about 2.5 longs for every short position. There are still over three bullish positions for every bearish one among Binance’s top traders. DOGE/USDT Chart by TradingView When considered collectively, the data indicates that both retail and profe
The post DOJ Says Inmate Moved $290K Through Crypto Mixers appeared on BitcoinEthereumNews.com.
United States prosecutors have charged a man serving a federal prison sentence over the alleged removal and laundering of about $290,000 in crypto assets held in a Kraken account subject to a forfeiture order. The Department of Justice said on Thursday that Rossen Iossifov, a Bulgarian national, conspired in January 2024 to withdraw and transfer crypto that a federal court had ordered forfeited following his 2021 conviction. Prosecutors allege that the assets were moved through illicit mixing services and crypto exchanges before the US could take possession. The case shows how attempts to move crypto after a forfeiture order can trigger fresh criminal charges, even after the underlying conviction. The US Attorney’s Office for the Eastern District of Kentucky said the cryptocurrency was held in an account registered to Iossifov at Kraken and had been restrained during the investigation. The
Iossifov's actions highlight ongoing challenges in enforcing crypto regulations and recovering illicit funds, complicating legal and financial systems.
The post US charges Rossen Iossifov with laundering $290K from Kraken account while already serving prison sentence appeared first on Crypto Briefing.
The post DOJ charges inmate over alleged $290K forfeited crypto theft appeared on BitcoinEthereumNews.com.
The U.S. Department of Justice has charged a federal inmate over the alleged removal of about $290,000 in cryptocurrency forfeited to the government. Summary Prosecutors allege Iossifov moved $290,000 in forfeited crypto while serving a federal prison sentence already. The funds allegedly passed through several crypto exchanges and mixing services to conceal their movement. Iossifov faces up to 25 years if convicted, while all charges remain unproven in court. Bulgarian national Rossen G. Iossifov appeared in federal court in the Eastern District of Kentucky on charges linked to the funds. Prosecutors charged him with removing property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering. DOJ alleges forfeited crypto was moved through mixers According to the Justice Department’s July 9 statement, Iossifov allegedly conspired to transfer the cryptocurr
