A Chinese national, Jingliang Su, has been sentenced to 46 months in federal prison for laundering millions of dollars stolen from American investors, in a scheme that siphoned over $36.9 million from 174 victims and was run from scam centres in Cambodia. The sentencing was handed down by United States District Judge R. Gary Klausner, with Su also ordered to pay nearly $26.9 million in restitution after pleading guilty in June 2025 to conspiracy to operate an illegal money transmitting business.
According to the Justice Department officials, Su served as a financial conduit for a network that weaponised the internet for fraud, following the three-stage “pig butchering” blueprint of Hook, Feed and Slaughter. The DOJ documents detail a laundering cycle in which victim funds were transferred to U.S. bank accounts controlled by Su and co‑conspirators, then aggregated into over $36.9 million in a single Deltec Bank account in the Bahamas, converted to USDT and finally moved to digital wallets in Cambodia.
Eight other co‑conspirators have pleaded guilty, including ShengSheng He and Jose Somarriba, sentenced to 51 and 36 months respectively; since 2020 the DOJ’s CCIPS has secured convictions against over 180 cybercriminals and court orders for the return of more than $350 million.