A U.S. federal court sentenced Chinese national Jingliang Su to 46 months in prison and ordered restitution after he pleaded guilty to conspiring to operate an illegal money‑transmitting business that laundered about $36.9M from 174 U.S. victims. DOJ prosecutors detailed use of fake trading sites, dating‑app contacts, and U.S. shell accounts to convert stolen funds to stablecoins and move proceeds overseas.

The U.S. Department of Justice announced that Jingliang Su received a 46‑month federal prison sentence and restitution following his guilty plea for conspiracy to operate an unlicensed money‑transmitting business tied to large‑scale crypto investment scams. Prosecutors attributed roughly $36.9 million in losses to the laundering network, which targeted 174 U.S. victims through Cambodia‑based operations commonly described as pig‑butchering schemes. Investigations revealed an integrated fraud model: perpetrators employed fake online trading platforms, cultivated victims via dating apps and romance lures, and used U.S. bank accounts and shell entities to convert tainted funds into stablecoins. Funds were then funneled to overseas scam centers. The DOJ emphasized coordinated enforcement and financial‑crime disruption, noting the sentence reflects efforts to degrade global scam infrastructure and deter facilitators who enable cross‑border laundering. The case highlights continuing challenges in tracing crypto flows, the role of intermediaries in laundering complex fraud proceeds, and the U.S. focus on prosecuting those who build and sustain illicit transmission networks.