DOJ charges inmate over alleged $290K forfeited crypto theft
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