California Man Gets 51 Months for Laundering $37M in Cambodia-Based Crypto Scam

California resident Shengsheng He received a 51-month federal prison sentence for laundering $36.9 million from victims in an international crypto investment scam operated from Cambodia-based centers, using his Bahamas company Axis Digital Limited to convert victim funds into Tether stablecoin before transferring to Cambodia-controlled digital wallets with $26.8 million in restitution ordered.

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