California Man Receives 51-Month Sentence for Laundering $36.9M in Crypto Scam
A California man received a 51-month prison sentence for laundering $36.9 million from a crypto investment scam linked to Cambodian centers.
- The scam promised high returns to American investors.
- Funds were laundered through Huione International Payments, part of a marketplace that facilitated up to $98 billion in illicit transactions since 2014.
- The defendant was a co-owner of Axis Digital, which transferred scam proceeds to Deltec Bank in the Bahamas and converted them to tether (USDT).
- Eight co-conspirators have pleaded guilty, including Daren Li, currently in U.S. custody on separate charges.