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Chinese National Jingliang Su Involved in $37 Million Crypto Scam Money Laundering, Receives Nearly 4-Year Prison Sentence in the United States
By: theblockbeats.news|2026/01/28 09:00:29
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BlockBeats News, January 28th, the U.S. Department of Justice reported that a 45-year-old Chinese national, Jingliang Su, was sentenced to nearly 4 years in federal prison for his involvement in laundering nearly $37 million in cryptocurrency scam proceeds, and was ordered to pay over $26 million in restitution.
The prosecutors stated that his transnational criminal network lured U.S. victims into fraudulent cryptocurrency investments through text messages, phone calls, and online dating platforms, and carried out scams using spoofed trading websites. The related funds were circulated through U.S. shell companies, cryptocurrency wallets, and international bank accounts, with approximately $36.9 million ultimately flowing into the Bahamas' Deltec Bank and being converted into USDT, then transferred by Cambodian accomplices. The case identified a total of 174 U.S. victims. (The Block)
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