A Chinese Man's Big Crypto Crime and Its Aftermath

A Chinese man named Jingliang Su has been sentenced to 46 months in prison. He admitted to helping run an illegal money business. This involved over $37 million stolen from Americans through crypto scams. Su must also pay back more than $28 million to the victims. The scam affected at least 174 Americans. They were tricked into sending money to accounts controlled by Su and his team. The scammers then moved the money through fake companies and foreign banks. Victims were told their investments were growing, but the money was stolen and turned into a crypto called USDT.This case shows how criminals use the internet to trick people. They target victims through phones, social media, and fake websites. The Justice Department has been working to catch these scammers. They have evolved to keep up with new fraud methods. One of Su's partners, Shengsheng He from California, got 51 months in prison. So far, eight people involved in the scam have admitted their guilt. The case highlights the risks of new investment opportunities. It also shows how criminals exploit them to steal and launder money.