{"id":46589,"date":"2025-09-09T15:31:41","date_gmt":"2025-09-09T15:31:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46589"},"modified":"2025-09-09T15:31:41","modified_gmt":"2025-09-09T15:31:41","slug":"california-man-sentenced-in-36-9m-crypto-scam-tied-to-infamous-huione-group","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46589","title":{"rendered":"California Man Sentenced in $36.9M Crypto Scam Tied to Infamous Huione Group"},"content":{"rendered":"<div>\n<p>A California man was sentenced to 51 months in prison for his role in laundering $36.9 million from a crypto investment scam that was carried out in Cambodian scam centers, according to a press release published by the <a href=\"https:\/\/www.justice.gov\/opa\/pr\/california-man-sentenced-role-global-digital-asset-investment-scam-conspiracy-resulting\">Justice Department<\/a>.<\/p>\n<p>The Justice Department&#8217;s acting assistant attorney general Matthew G. Galeotti said the defendant was involved in a group that &#8220;preyed on American investors&#8221; by promising them high returns of crypto investments.<\/p>\n<p>Blockchain security firm Elliptic co-founder Tom Robinson told CoinDesk that &#8220;some of the victim funds in this case were laundered through Huione International Payments, which operated through Huione Guarantee.&#8221;<\/p>\n<p>Huione was a huge Telegram-based marketplace that was shut down in May based on intelligence from Elliptic, it was estimated to have facilitated up to $98 billion worth of illicit crypto transactions since 2014.<\/p>\n<p>The defendant in this case was the former co-owner of the Bahamas-based Axis Digital, which the Justice Department said transferred the proceeds of the scam to a single account at Deltec Bank in the Bahamas before the capital was converted to tether (USDT) that was then distributed back to Cambodia.<\/p>\n<p>Eight co-conspirators have also pleaded guilty so far including Daren Li, a national of China and St. Kitts and Nevis who has been in U.S. custody since April 2024 on separate money laundering charges.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A California man was sentenced to 51 months in prison for his role in laundering $36.9 million from a crypto investment scam that was carried out in Cambodian scam centers, according to a press release published by the Justice Department. The Justice Department&#8217;s acting assistant attorney general Matthew G. Galeotti said the defendant was involved [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46589","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46589"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46589\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}