A Chinese national, Jingliang Su, was sentenced to 46 months in prison and ordered to pay roughly $26.9 million in restitution after pleading guilty to laundering more than $36.9 million stolen from U.S. victims. The Department of Justice says the scheme operated from scam centers in Cambodia and used fake trading sites, social-media and online-dating contact, shell companies, and stablecoin transfers to move victim funds.

The U.S. Department of Justice announced that Jingliang Su received a 46-month federal prison sentence and restitution obligations of approximately $26.9 million following his guilty plea in a digital-asset investment conspiracy that laundered over $36.9 million from U.S. victims. Prosecutors say the fraud was run from scam centers in Cambodia and targeted at least 174 identified U.S. victims. The scheme employed a multilayered approach: counterfeit crypto trading platforms to lure investments, social-media and online-dating outreach to establish trust, layered shell-company structures to obscure ownership, and stablecoin transfers to move and commingle illicit proceeds across jurisdictions. DOJ statements note multiple co-conspirators have already pleaded guilty, reflecting a broader transnational enforcement effort to disrupt these operations. The sentence and restitution aim to hold the defendant accountable and provide partial redress to victims, while investigators continue to pursue related defendants and asset-recovery avenues in coordination with international partners and financial intermediaries.