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In: Fraud, Laundering, Law

Jingliang Su obtained 46 months for laundering $37M stolen through worldwide “pig butchering” scams that focused 174 People. The group used shell firms and a Bahamas financial institution to transform stolen money into Tether, which was then despatched to Cambodian rip-off facilities. Su should pay $26.8M in restitution after pleadingContinue Reading

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In: Cryptocurrency, Laundering, Law

The NCA uncovered a billion-pound laundering community throughout 28 UK cities, linking on a regular basis drug purchases to Russian conflict financing. Operation Destabilise has led to 128 arrests and over £25m (AU$50.68m) in seizures, exposing connections to international geopolitical hurt. Couriers transferring money for the community face critical jailContinue Reading