Crypto Laundering Scheme Lands Chinese National 46 Months in US Prison
- Jingliang Su got 46 months for laundering $37M stolen via international “pig butchering” scams that targeted 174 Americans.
- The group used shell companies and a Bahamas bank to convert stolen cash into Tether, which was then sent to Cambodian scam centers.
- Su must pay $26.8M in restitution after pleading guilty to conspiracy to operate an unlicensed money-transmitting business.
Jingliang Su, A 45-year-old Chinese national, has been sentenced to almost four years in US federal prison for helping launder nearly US$37 million (AU$56.6 million) in illicit crypto investment proceeds.
Su was sentenced in Los Angeles by US District Judge R. Gary Klausner and ordered to pay more than US$26 million (AU$39.7…
