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Chinese National Sentenced to Nearly Four Years for Laundering $36.9M in Crypto Scam
['Scott Mcclallen', 'Kurt Schlichter', 'Matt Vespa', 'Derek Hunter', 'Warren Petersen']
Townhall
A Chinese national was sentenced today to 46 months in federal prison for his role in laundering more than $36.9 million from victims in a digital asset investment conspiracy that was carried out from scam centers in Cambodia.
The co-conspirators promoted fraudulent digital asset investments to the victims.
An ounce of prevention is worth a pound of cure.”The scammers would then tell the victims that their investments were appreciating in value when, in fact, the scammers had stolen the victims’ money.
Since 2020, CCIPS has secured the conviction of more than 180 cybercriminals and court orders for the return of more than $350 million in victim funds.
If you or someone you know is a victim of a digital asset investment fraud, report it to IC3.gov.