The US Department of Justice intersection on the international fraud ring of $ 36.9 million

Five men acknowledged that they are guilty of their roles in washing more than $ 36.9 million of international investment fraud victims.

Money was stolen from investors who fraud in the United States through a network of shell companies, foreign accounts, and the governor of digital assets.

Details of the plan

The US Department of Justice (Doj) has obtained guilty calls from California residents Joseph Wong, 33; Jose Sumariba, 55; 39 -year -old Schenscheng. Two Chinese citizens, Yicheng Zhang and Jingloang Su, confessed to violations.

in press release Posted on June 9, and the Ministry of Justice indicated that these individuals were part of a criminal network who received money from the United States victims under the pretext of investing in encryption.

Their scheme managed by building confidence through unwanted social media reactions, text messages, phone calls, and online dating sites. Once the communication was created, the conspirators abroad persuaded the targeted individuals to transfer funds under the wrong belief that they were investing in estimating digital assets.

However, the money has been transferred to the perpetrators accounts. More than $ 36.9 million of their holdings in the United States has been transferred to a separate one at Detec Bank in the Bahamas, registered under Axis Digital Limited.

Somariba participated and participated in the founding of Axis Digital and opened a DELTEC account, where SU later joined them as a director. Together, they ordered the bank to transfer stolen money to USDT. Then the trio sent the funds transferred to a portfolio -dominated by people whose name was not revealed in Cambodia, who ultimately sent them to people who were not named “fraud centers” in the area, including one in Sihanokville.

Meanwhile, Wong was running a network of money laundering in Los Angeles who created Shell companies, and opened American bank accounts and wire funds abroad. Zhang also opened and managed two capital feedback accounts.

The suspects are waiting for the ruling

Both Wong and Zhang have a conspiracy to laundering money and face a maximum of 20 years in prison. For their part, Somarriba, HE and SU admitted to conspiring to operate the unlicensed money services company, which carries a 5 -year sentence.

They join three others who have already been intimidated, including Darren Lee, a former resident of Cambodia and the United Arab Emirates (United Arab Emirates), which has been in the American reservation since April 2024. Acknowledged by another partner, Le Zhang, a Chinese citizen who runs the United States -based assets network, has admitted to relieve funding on May 13.

This development follows a report issued by the Internet Crime Complaints Center at the FBI, which revealed that Americans over 60 years old are the most affected by encryption fraud. According to the law enforcement agency, more than 140,000 complaints linked to digital assets were recorded last year, which led to losses of more than $ 9 billion.