Chinese Man Sentenced for Scamming $37 Million in Crime Ring

Chinese Man Sentenced for Scamming $37 Million in Crime Ring

The United States sentenced Chinese citizen Jingliang “James” Su to 46 months for his role in a digital crime ring that scammed 174 Americans, prosecutors announced on Jan. 27. Su was a resident of the United Arab Emirates and worked with co-conspirators, including American and Chinese citizens, who resided in California, Mexico, Cambodia, and China, according to court documents. He is the eighth of the co-conspirators indicted and third to plea…

U.S. Court Sentences Crypto Launderer in $37M Pig-Butchering Scheme More Stories ETHNews

A U.S. federal court has sentenced Jingliang Su, a 45-year-old Chinese national, to 46 months in prison for his role in laundering tens of millions of dollars stolen from victims of cryptocurrency investment scams. The sentence follows a guilty plea tied to a sophisticated international fraud operation that targeted American victims through so-called “pig butchering” schemes. U.S. District Judge R. Gary Klausner also ordered Su to pay more than …

Federal Prison Sentence Highlights Growing DOJ Focus On Crypto Money Laundering Networks

A federal court has imposed a nearly four-year prison sentence on an individual at the center of a $37 million cryptocurrency money laundering operation, marking another significant enforcement action as the Justice Department intensifies its pursuit of digital asset criminals. The sentence reflects the government’s increasingly sophisticated approach to prosecuting complex blockchain-based financial crimes. The substantial prison term underscor…

Cryptocurrency Scam Exposed: Chinese National Receives 46-Month Sentence For $37M Fraud Scheme

BitcoinWorld Cryptocurrency Scam Exposed: Chinese National Receives 46-Month Sentence for $37M Fraud Scheme In a landmark case highlighting the global crackdown on digital asset fraud, a Chinese national now faces significant prison time for orchestrating a massive cryptocurrency scam. Jingliang Xu received a 46-month sentence for his central role in a sophisticated $37 million scheme that specifically targeted American investors. This sentencin…

Chinese National Gets 46 Months in Prison for $37 Million Crypto Scam Targeting Americans

A Chinese national was sentenced to nearly four years in prison for his role in a $37 million crypto scam that claimed American victims.