US Charges Jailed Fraudster Over $290K Crypto Laundering Plot

US prosecutors have charged Bulgarian national Rossen Iossifov with conspiring to launder roughly $290,000 in cryptocurrency that federal authorities seized and ordered forfeited after his earlier fraud conviction. Iossifov allegedly conspired to move the funds in January 2024 while serving a federal prison sentence. He remains presumed innocent, and an indictment represents only an allegation.