The Department of Justice indictment claims the 53-year-old moved the funds in January 2024, directly violating a court order stemming from his 2021 conviction. Iossifov previously received a 111-month sentence for laundering nearly $5 million through his Bulgaria-based exchange, RG Coins, which serviced an online auction fraud ring. Prosecutors contend that he managed to navigate exchanges and mixing services while incarcerated to prevent the government from seizing the specific digital assets.
Assistant Attorney General A. Tysen Duva emphasized that the government remains committed to pursuing defendants who disregard court-mandated forfeiture. The Secret Service spearheaded the investigation into these latest transfers, though officials have yet to detail the precise methods Iossifov used to direct transactions from federal custody. If convicted on these new charges of conspiracy to commit money laundering and removing property to prevent seizure, he faces up to 25 additional years in prison. The case is currently proceeding in the Eastern District of Kentucky.
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