A Bulgarian national already serving federal prison time for a multimillion-dollar online fraud scheme now faces new charges after allegedly conspiring to move cryptocurrency that had been seized by the U.S. government, according to the Justice Department.
Rossen G. Iossifov, 53, made an initial appearance in federal court in the Eastern District of Kentucky on charges of destruction or removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering, the Justice Department said. The charges stem from Iossifov’s alleged role in the unauthorized withdrawal and transfer of approximately $290,000 in cryptocurrency that had previously been seized and forfeited to the United States, prosecutors said.
According to court documents, Iossifov allegedly conspired in January 2024 to remove the cryptocurrency, which had been ordered forfeited following his 2021 conviction in the same district. Prosecutors allege he conspired to transfer the forfeited funds through multiple cryptocurrency exchanges and illicit mixing services in an effort to prevent the United States from obtaining possession of them.
At the time of the alleged conduct,…
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