51 Months for $36.9M Crypto Scam Role
DOJ: 51 months for $36.9M crypto scam role with funds routed via Deltec Bank and subsequently sent to Cambodia. A further 8 people pleaded guilty, and a connection to Axis Digital Limited.
Scam Infrastructure: From Bank Accounts to USDT and Wallets in Cambodia
So, the DOJ report shows that it all started with a classic scam with a hub in Cambodia. Accomplices directly contacted victims through messages on social media, phone calls, SMS, and online dating services, building trust and offering ‘high returns’ from digital investments. Naturally, the funds were simply misappropriated, and the final loss totaled $36.9M from U.S. accounts.
The entire amount was consolidated into a single account at Deltec Bank in the Bahamas, opened in the…
