A US court sentenced the main offender in a Chinese cryptocurrency money laundering case to nearly 4 years in prison, involving nearly 37 million US dollars
According to the US Department of Justice announcement, Jingliang Su, a 45-year-old Chinese citizen, was sentenced to nearly 4 years in prison and ordered to pay more than 26 million US dollars in compensation for participating in a multinational cryptocurrency fraud and money laundering network. The criminal gang lured 174 victims in the US through counterfeit trading platforms and transferred 36.9 million US dollars of funds to Cambodia after converting them to USDT through Bahamian bank accounts. Eight people involved in this case have pleaded guilty. Among them, California resident Shengsheng He was previously sentenced to over 4 years.
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