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Bitcoin exchange owner who helped scam eBay buyers sentenced to 10 years in prison
Rossen G. Iossifov, the Bitcoin Exchange owner who was accused of laundering money for a Romanian gang putting up fake car listings on eBay, has been sentenced to 10 years in prison. According to the Department of Justice, Iossifov was sentenced “for conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offense and conspiracy to commit money laundering.” Based on the evidence submitted to court, Iossifov knowingly assisted the gang of fraudsters in laundering the proceeds of their fraudulent scheme while taking steps to protect himself from criminal liability.
