The Justice Department said that Rossen G. Iossifov, 53, a Bulgarian national already serving a federal prison sentence, appeared in federal court in Kentucky on charges tied to the unauthorized withdrawal and transfer of about $290,000 in forfeited cryptocurrency. The case makes seized crypto the center of a fresh obstruction and laundering allegation.
Court documents allege Iossifov conspired in January 2024 to remove cryptocurrency that had been ordered forfeited after his 2021 conviction in the Eastern District of Kentucky. Prosecutors said the funds were routed through multiple crypto exchanges and illicit mixing services to prevent the United States from taking possession, turning court-ordered forfeiture into the practical battleground.
Iossifov is charged with removal of property to prevent seizure and conspiracy to commit money laundering, and faces a maximum penalty of 25 years in prison if convicted. The next step is the federal case in Kentucky, where prosecutors must prove the allegations beyond a reasonable doubt, making the government’s recovery claim subject to courtroom proof.
Source: U.S. Department of Justice.
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