A man from California was sentenced to 51 months in prison for his role in washing of $ 36.9 million of a cryptographic investment scam that took place in the Cambodian scam centers, according to a press release published by the Department of Justice.
The interim attorney general of the Department of Justice, Matthew G. Galeotti, said that the defendant was involved in a group that “is pressed with US investors” by promising high yields of cryptographic investments.
The Blockchain Elliptic security firm, co -founder Tom Robinson, told Coindesk that “some of the victims funds in this case were washed through Huione International Payments, which operated through Huione’s guarantee.”
Huione was a large telegrams -based market that closed in May based on elliptical intelligence, it is estimated that it had facilitated up to $ 98 billion in illicit cryptographic transactions since 2014.
The defendant in this case was the former co -owner of Axis Digital, based in Bahamas, which the Department of Justice said he transferred the income of the scam to a single account in Deltec Bank in the Bahamas before the capital became Tether That was then distributed to Cambodia.
Eight conspirators also declared themselves guilty so far, including Daran Li, a National of China and St. Kitts and Nevis that has been in custody of the United States since April 2024 for separated money laundering charges.
