United States: US court imprisons Bulgarian owner of Bitcoin exchange for money laundering

Bulgarian national Rossen Iossifov, who was convicted by a federal jury in the United States for his role in a transnational and multimillion-dollar scheme to defraud American victims was sentenced on January 12 to 121 months in prison, the US Department of Justice said in a statement.

Acting Assistant Attorney General David P. Burns of the Justice Department’s Criminal Division, US Attorney Robert M. Duncan Jr. of the Eastern District of Kentucky, and Resident Agent in Charge John Oldham of the US Secret Service made the announcement, the statement said.

US District Court Judge Robert E. Weir sentenced Iossifov, 53, formerly of Bulgaria, for conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offence and conspiracy to commit money laundering.

The original full article can be found at sofiaglobe.com


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