RG Coins Owner Gets 10 Years in Prison for Rip off $5M

The owner and also supervisor of cryptocurrency exchange RG Coins has actually been handed a prolonged prison term for his participation in a multi-million buck plan to rip off UNITED STATE people.

According to a Tuesday news release from the Division of Justice, UNITED STATE Area Court Judge Robert Dam sentenced Rossen Iossifov to a 10-year sentence 85% of which needs to be offered behind bars under UNITED STATE government regulation.

The 53 year old former Bulgarian national was punished for conspiracy theory to commit a crime under the Racketeer Influenced and also Corrupt Organizations Act (RICO) and conspiracy to dedicate cash laundering.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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