Document Analysis NLP IA
FREQ, RAKE or TFIDF
Summary (IA Generated)
The owner and manager of cryptocurrency exchange RG Coins has been handed a lengthy prison term for his involvement in a multi-million dollar scheme to defraud U.
Five of Iossifov’s main clients in Bulgaria belonged to a criminal enterprise dubbed the Alexandria (Romania) Online Auction Fraud (AOAF) Network.
So far, 17 members of the AOAF Network have been convicted for their role in the scheme.
citizens in a “large-scale” operation.
Iossifov undertook the last step in the scheme on behalf of the criminal network, the court found.
In less than three years, Iossifov laundered close to $5 million in cryptocurrency for four of the five AOAF criminal co-conspirators.
In return, Iossifov made over $184,000 in proceeds from the transactions, according to the Department of Justice.