Crypto exchange owner gets 10 years in prison for aiding scammers
The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndicate. Rossen Iossifov, the convicted owner of the RG Coins crypto exchange platform has been sentenced to 10 years imprisonment for money laundering.As previously reported by Cointelegraph, a federal jury in Frankfort Kentucky found the Bulgarian national guilty of conspiracy to commit racketeering and money laundering back in Sep. 2020. The guilty verdict came after only a two-week trial period.According to the United States Justice....
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The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.