A Chinese national has been extradited from the Netherlands to Los Angeles over an alleged Cambodia-based crypto investment scam that targeted 174 identified Americans and moved more than $36.9 million through a Bahamas bank account.
Summary
- Zheng Zhao was extradited from the Netherlands over an alleged crypto scam targeting 174 Americans.
- Prosecutors allege more than $36.9 million passed through a Bahamas bank before conversion into USDT.
- Zhao faces a money-laundering conspiracy charge carrying a maximum sentence of 20 years if convicted.
- Eight co-conspirators have pleaded guilty, with two receiving prison sentences of 51 and 46 months.
The U.S. Department of…
