California Man Gets 51 Months for Laundering $37M in Cambodia-Based Crypto Scam
Yahoo Finance·2025-09-09 18:41
California resident Shengsheng He received a 51-month federal prison sentence for laundering 26.8 million in restitution for victims of the elaborate scheme. He, 39, of La Puente, pleaded guilty to conspiracy to operate an unlicensed money transmitting business as a former co-owner of Bahamas-based Axis Digital Limited. The criminal network induced U.S. victims to transfer funds ...