Man sentenced to nearly four years in prison for his role in $37 million crypto laundering scam
A Chinese national, Jingliang Su, received nearly four years in prison for laundering $37 million in illicit crypto proceeds.Summary
Jingliang Su, a 45-year-old Chinese national, was sentenced to nearly four years in federal prison and ordered to pay over $26 million in restitution for his involvement in a $37 million cryptocurrency laundering scheme. Su was part of a global criminal network that defrauded U.S. victims by promoting fake crypto investments through texts, calls, and dating apps, directing them to fraudulent websites. The stolen funds, totaling over $36.9 million, were laundered through U.S. shell companies, digital asset wallets, and eventually converted to Tether (USDT) in the Bahamas before being moved to scam centers in Cambodia. Su previously pleaded guilty to conspiracy to operate an illegal transmitting business, and eight people involved in the scheme have pleaded guilty so far.
(Source：The Block)