A Bulgarian national has been charged with stealing $290,000 in government-seized cryptocurrency while serving 121 months in prison for helping launder millions stolen from American fraud victims.
53-year-old Rossen G. Iossifov appeared in federal court in the Eastern District of Kentucky this Wednesday on charges of removal of property to prevent seizure and conspiracy to commit money laundering.
"Iossifov's deliberate attempt to remove and launder lawfully seized funds is a direct challenge to our justice system and a blatant disregard to his victims' rights," said U.S. Secret Service (USSS) Special Agent Robert Holman in a Thursday press release.
"We are committed to ensuring that victims of online fraud receive justice, and that individuals who attempt to circumvent lawful court orders are held accountable."
Prosecutors said that in January 2024, while behind bars for a 2021 conviction, Iossifov allegedly conspired with others to move $290,000 in cryptocurrency from a seized account, routing it through multiple crypto exchanges and mixing services to keep the funds out of the government's hands.
