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.


    # Chinese Man Sentenced for Role in $37 Million Crypto Scam

    **Jingliang Su** receives **46-month prison sentence** for illegal money operations.

    - **Over $37 million stolen** from Americans through crypto scams.
    - **$28 million** to be repaid to victims.

    ## The Scam

    - **174 Americans** affected.
    - Victims tricked into sending money to accounts controlled by Su and his team.
    - Money moved through **fake companies** and **foreign banks**.
    - Victims told investments were growing, but funds were stolen and converted into **USDT crypto**.

    ## The Investigation

    - Case highlights **internet-based fraud** targeting victims via **phones, social media, and fake websites**.
    - **Justice Department** working to catch scammers as they evolve with new fraud methods.

    ## Additional Convictions

    - **Shengsheng He** from California sentenced to **51 months**.
    - **Eight people** involved in the scam have admitted guilt.

    ## Key Takeaways

    - Highlights **risks of new investment opportunities**.
    - Shows how criminals **exploit** these opportunities to **steal and launder money**.

    

A Chinese Man's Big Crypto Crime and Its Aftermath

The Scam

The Investigation

Additional Convictions

Key Takeaways

Actions