Prisoner Accused of Moving $290K in Crypto After Forfeiture Order

cryptocurrency money laundering forfeiture

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A US prisoner serving time for money laundering allegedly moved $290,000 in cryptocurrency in January 2024 after a court ordered the assets forfeited, highlighting a gap in government control over digital assets.

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Rossen Iossifov, a Bulgarian national already serving a federal prison sentence, has been charged with conspiring to withdraw and launder approximately $290,000 in crypto assets from a Kraken account subject to a forfeiture order. The alleged actions occurred in January 2024, after a federal court had ordered the forfeiture following his 2021 conviction for racketeering and money laundering.

Cointelegraph

Developing·2d ago

Inmate Charged with Laundering Forfeited Crypto from Prison

Rossen Iossifov, already serving time for a major crypto laundering case, has been charged with moving $290,000 in cryptocurrency from federal prison that a court had ordered him to forfeit. The DOJ alleges he conspired to hide the funds through exchanges and mixing services.

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Cointelegraph

Prisoner Accused of Moving $290K in Crypto After Forfeiture Order

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