Chinese national Su Jingliang involved in $37 million crypto scam and money laundering, sentenced to nearly 4 years in prison in the United States

BlockBeats News, January 28 – The U.S. Department of Justice announced that Jingliang Su, a 45-year-old Chinese national, was sentenced to nearly 4 years of federal imprisonment for participating in a scheme that defrauded approximately $37 million in cryptocurrency assets through money laundering. He was also ordered to pay over $26 million in restitution.

Prosecutors stated that his transnational criminal network lured American victims into false crypto investments via SMS, phone calls, and online dating platforms, and used fake trading websites to carry out scams. The related funds circulated through U.S. shell companies, crypto wallets, and international bank accounts, ultimately approximately $36.9 million was transferred to Deltec Bank in the Bahamas and exchanged for USDT, then transferred by accomplices in Cambodia. A total of 174 American victims have been confirmed. (The Block)