RG Coins Founder Indicted Again While Serving Sentence, Accused of Transferring $290,000 in Seized Assets

CoinFeed July 10 news, according to Bloomberg, Bulgarian criminal Rossen Iossifov, who was convicted and imprisoned for money laundering, faces new charges while serving his sentence — accused of unauthorized withdrawal and transfer of $290,000 in cryptocurrency already seized by the U.S., in order to obstruct asset seizure and assist money laundering. Iossifov was previously sentenced to more than nine years in prison in 2021 for laundering millions of dollars through his Bulgarian company RG Coins for a fraud network. U.S. Secret Service agent Robert Holman said, 'Iossifov's deliberate removal and cleaning of legally seized funds is a direct challenge to the judicial system.' If the new charges are proven, he faces up to 25 years in prison.