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Federal prosecutors in California announced the guilt of Five men involved in the Crypto Currency Scheme of $ 36.9 million aimed at people in the United States.
Joseph Wong, Yicheng Zhang, Jose Somarriba, Shengsheng He and Jingliang are Contacted victims directly through social media, chat app and meeting platform.
Group used fake companies and domestic bank accounts to raise moneythat was later transformed into a pendant
USDT
0,9942 USD
and sent to the wallet controlled by Operation of Fraud in Cambodia, according to a Statement 9. June from the US lawyer for Central District of California.
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Each defendant played a different role facilitating the movement of money. Wong operated a network that washed the money into international accounts, while Zhang was operated by two US accounts used to process payment.
Sormariba and he created Shell company called Axis Digital and opened an account at the Deltec Bank on the Bahamas to get funds. In the meantime, she was helped to turn the stolen money into USDT.
In the end, Funds were sent to the organizers of fraud in Cambodiawho managed centers for “Pig Bending”, which specialized in the fraud of victims in the online investment frauds.
Smarrib, he and are declared guilty of running unlicensed business with financial services, which carries a maximum sentence of five years.
Wong and Zhang are facing up to 20 years in prison After declaring the guilt of conspiracy to do money laundering. Arewho was arrested in November 2024, is scheduled to be convicted on November 17.
Recently, four people in Queensland, Australia, were charged because of a cryptocurrency scheme in the amount of $ 123 million. How did the case take place? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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