The U.S. Department of Justice has sentenced Jingliang Su, a 45-year-old Chinese national, to nearly four years in federal prison for laundering approximately $37 million obtained through cryptocurrency fraud. Su has also been ordered to pay over $26 million in restitution. Prosecutors revealed that Su was part of an international criminal network that deceived 174 U.S. victims into fake crypto investments via text messages, phone calls, and online dating platforms. The fraudulent scheme involved fake trading websites, with funds being funneled through U.S. shell companies, crypto wallets, and international bank accounts. Ultimately, around $36.9 million was transferred to Deltec Bank in the Bahamas and converted to USDT, before being moved by accomplices in Cambodia.
Chinese National Sentenced for Laundering $37 Million in Crypto Scam
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