Overview
- Federal prosecutors charged Rossen G. Iossifov on July 9, 2026, and he made an initial appearance in the Eastern District of Kentucky on counts of removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering.
- Authorities allege Iossifov directed about $290,000 in cryptocurrency that had been seized and ordered forfeited to be moved through multiple exchanges and illicit mixers during 2024, then converted to cash and deposited in a foreign bank account.
- Iossifov was serving a 111-month sentence for a 2021 conviction for laundering nearly $5 million and was ordered to pay roughly $2.64 million in restitution and forfeit the crypto that is the subject of the new charges.
- The U.S. Secret Service led the investigation with support from the Justice Department’s Office of International Affairs, and prosecutors say tracing on‑chain transfers and coordinating with exchanges were central to the case.
- If convicted on the new counts he faces up to 25 years in prison but the indictment is an allegation and Iossifov is presumed innocent until proven guilty in court.