{"id":34656,"date":"2021-01-13T14:40:47","date_gmt":"2021-01-13T12:40:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34656"},"modified":"2025-08-28T21:36:56","modified_gmt":"2025-08-28T18:36:56","slug":"owner-of-rg-coins-bitcoin-exchange-sentenced-to-ten-years-in-prison-for-money-laundering-through-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/owner-of-rg-coins-bitcoin-exchange-sentenced-to-ten-years-in-prison-for-money-laundering-through-cryptocurrencies\/","title":{"rendered":"Owner of RG Coins Bitcoin exchange sentenced to ten years in prison for money laundering through cryptocurrencies"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The US court <\/span><a href=\"https:\/\/www.justice.gov\/opa\/pr\/owner-bitcoin-exchange-sentenced-prison-money-laundering\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">found guilty<\/span><\/a><span style=\"font-weight: 400;\"> of money laundering and participation in a multi-million-dollar fraud scheme targeting residents of the United States.<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">According to the U.S. Department of Justice, Iosifov knowingly facilitated the laundering of funds obtained from fraudulent activity. At least five of Iosifov&#8217;s major clients belonged to the Romanian criminal group AOAF, which organized a network for online-auction fraud.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to court documents, victims of Iosifov and his associates&#8217; criminal scheme numbered no less than 900 residents of the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The perpetrators posted fake listings for expensive goods on popular online auctions that did not actually exist. After receiving payment, the funds were converted into cryptocurrency and then laundered.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Iosifov&#8217;s activity was aimed at servicing criminal groups \u2014 for example, AOAF members were offered more favorable exchange rates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to prosecutors, Iosifov laundered about $5 million through cryptocurrencies over three years, earning $184,000 for his services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He was sentenced to 121 months in prison.\u00a0<\/span><\/p>\n<p>Earlier in the U.S. court <a href=\"https:\/\/u1f987.com\/en\/news\/gemcoin-founder-sentenced-to-prison-for-147-million-fraud\"><span style=\"font-weight: 400;\">found guilty<\/span><\/a><span style=\"font-weight: 400;\"> of organizing a fraud scheme by Gemcoin founder Steve Chen.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A U.S. court found the owner of the RG Coins cryptocurrency exchange, Rossen Iosifov, guilty of money laundering and involvement in a multi-million-dollar fraud scheme targeting U.S. residents.<\/p>\n","protected":false},"author":1,"featured_media":34657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1444,26],"class_list":["post-34656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-law-enforcement","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34656","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=34656"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34656\/revisions"}],"predecessor-version":[{"id":34658,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34656\/revisions\/34658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34657"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}