Rossen Iossifov / RG Coins
Summary
Rossen G. Iossifov, a 53-year-old Bulgarian national, owned and operated RG Coins, a cryptocurrency exchange in Sofia, Bulgaria that served as the primary off-ramp for the Alexandria (Romania) Online Auction Fraud Network, laundering nearly $5 million in crypto proceeds defrauded from approximately 900 American victims. Convicted in 2020 and sentenced in January 2021 to 121 months in federal prison, Iossifov was charged again in July 2026 with allegedly conspiring from his prison cell to steal and launder $290,000 in cryptocurrency that had already been ordered forfeited to the United States government following his prior conviction.
Connected Entities
1 entities · 10 linked investigationsTimeline(7 events)
2018-01-01
Rossen Iossifov begins laundering cryptocurrency proceeds for AOAF Network members through RG Coins exchange in Sofia, Bulgaria. Approximate start date based on the 'less than three years' period cited in court documents.
U.S. Secret Service press release2020-09-01
Iossifov convicted by jury in Frankfort, Kentucky on RICO conspiracy and money laundering conspiracy charges.
U.S. Secret Service press release2021-01-13
Iossifov sentenced to 121 months in federal prison and ordered to pay $2,642,297.43 in restitution to victims. Court finds he laundered nearly $5 million in cryptocurrency for AOAF Network, defrauding 900+ American victims.
CoinDesk2022-01-01
U.S. Court of Appeals for the Sixth Circuit affirms Iossifov's conviction on appeal.
FindLaw case record2024-01-01
Iossifov allegedly conspires from federal prison to transfer approximately $290,000 in forfeited cryptocurrency through multiple exchanges and illicit mixing services before the U.S. government secures physical custody of the assets.
DOJ Office of Public Affairs2026-07-09
DOJ announces new federal charges against Iossifov: destruction or removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering. Iossifov makes initial court appearance in Eastern District of Kentucky. New charges carry maximum 25 years additional prison time.
DOJ Office of Public AffairsDecision Log
- #1publish⛓ pending7/29/2026, 12:43:26 PMhash: HVnXGpKym1HiDT6L8V8wYhTmdnCPzR9vwQA9yBTWdASd
11 of 14 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/29/2026, 12:43:15 PM
last updated: 7/29/2026, 6:07:43 PM
avoid.net — verified advice for a post-truth world