{"id":29339,"date":"2020-09-29T10:51:45","date_gmt":"2020-09-29T07:51:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29339"},"modified":"2025-08-27T16:23:41","modified_gmt":"2025-08-27T13:23:41","slug":"owner-of-bitcoin-exchange-convicted-of-online-auction-fraud","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/owner-of-bitcoin-exchange-convicted-of-online-auction-fraud\/","title":{"rendered":"Owner of Bitcoin Exchange Convicted of Online-Auction Fraud"},"content":{"rendered":"<p>A federal jury in Frankfort, Kentucky, found the owner of the cryptocurrency exchange RG Coins guilty of a large-scale fraud scheme. Its victims numbered at least 900 Americans, <a href=\"https:\/\/www.justice.gov\/opa\/pr\/owner-bitcoin-exchange-convicted-racketeering-conspiracy-laundering-millions-dollars\" target=\"_blank\" rel=\"noopener noreferrer\">\u0441\u043e\u043e\u0431\u0449\u0438\u043b\u0438<\/a> in the U.S. Department of Justice.<!--more--><\/p>\n<p>Bulgarian national Rossen Iosifov was one of seventeen defendants in the case. Along with the other defendants, he participated in a criminal conspiracy whose essence was the sale of non-existent goods through popular online auction sites.<\/p>\n<p>To conceal the fraud, the offenders used forged documents and created a bogus customer-support operation. The proceeds were converted into cryptocurrency via his Bitcoin exchange. From September 2015 through December 2018, he managed to exchange more than $4.9 million.<\/p>\n<p>Jurors found Iosifov guilty of participating in a criminal organization and money laundering. A final sentence will be delivered on January 12, 2021.<\/p>\n<p>Earlier in September, federal prosecutors in South Florida <a href=\"https:\/\/u1f987.com\/en\/news\/us-charges-argyle-coin-founder-with-25-million-fraud\">accused<\/a> a resident of Washington of creating a pyramid scheme and launching a purported diamond-backed crypto asset.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A federal jury in Frankfort, Kentucky, found the owner of the RG Coins cryptocurrency exchange guilty of a large-scale fraud scheme. Its victims numbered at least 900 Americans, the U.S. Department of Justice said.<\/p>\n","protected":false},"author":1,"featured_media":29340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1154,26],"class_list":["post-29339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-crimes","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29339"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29339\/revisions"}],"predecessor-version":[{"id":29341,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29339\/revisions\/29341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29340"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}