A Chinese national, Jingliang Su, was sentenced in U.S. federal court to 46 months in prison after admitting to running an illegal money‑transmitting business that laundered over $36.9 million stolen from 174 U.S. victims. The DOJ said the laundering scheme relied on dating app recruitment, fake trading sites, Bahamian bank cash‑outs and stablecoin conversions to move funds offshore.

On Jan. 27 the U.S. Department of Justice announced that Jingliang Su pled guilty and received a 46‑month federal prison sentence and an order to pay roughly $26.87 million in restitution. Prosecutors said Su operated an illicit money‑transmitting enterprise that processed more than $36.9 million stolen from 174 U.S. victims by Cambodia‑based “scam centres.” The criminal scheme combined social‑engineering recruitment via dating apps and unsolicited messages, fake online trading platforms to convince victims to invest, and a cash‑out rail that moved proceeds through a Bahamian bank before converting funds into stablecoins and other crypto assets to obfuscate origin. DOJ described the conviction as part of sustained enforcement against transnational fraud rings that exploit crypto rails and offshore channels to launder stolen funds. The sentence reflected both the scale of losses and evidence of deliberate structuring to conceal transactions, and prosecutors highlighted ongoing coordination with international partners to identify and seize illicit proceeds and disrupt financial channels used by organized scam networks.