RG Coins Founder Faces New Charges Over $290,000 in Seized Cryptocurrency While Imprisoned

According to Bloomberg, on July 10, imprisoned Bulgarian criminal Rossen Iossifov, founder of RG Coins, faced new charges of allegedly transferring $290,000 in seized cryptocurrency without authorization, obstructing asset forfeiture and abetting money laundering. Iossifov was convicted in 2021 of laundering millions of dollars through RG Coins for fraud networks and sentenced to over nine years. If convicted on the new charges, he faces up to 25 years in prison.
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