RG Coins cryptocurrency exchange owner lands 10 years behind bars for money laundering

The owner of a cryptocurrency exchange used to launder millions of dollars gained from fake online auctions has been jailed for 10 years. Rossen Iossifov, the Bulgarian owner of RG Coins, was sentenced for his role in laundering criminal proceeds obtained from defrauded victims that were converted and funneled through cryptocurrency exchanges in order to hide the criminal sources of the dirty cash.

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