Source: DOJ Press Release
Global Digital Asset Investment, Scam Conspiracy Resulting, Victims Monday — a summarized account of a Justice Department announcement. announcement California Man Sentenced for Role in Global Digital Asset Investment Scam alleged conspiracy Resulting in Theft of More than $36.9M from Victims Monday, September 8, 2025 Share Facebook X LinkedIn Email For Immediate Release Office of Public Affairs A California man was sentenced today to 51 months in federal prison for his role in laundering more than $36.9 million from victims in an international digital asset investment scam alleged conspiracy that was carried out from scam centers in Cambodia. Your retirement fund or children’s college money may depend on it.”Shengsheng He, 39, of La Puente, California, a former co-owner of the Bahamas-based Axis Digital Limited, entered a guilty plea in the Central District of California to alleged conspiracy to operate an unlicensed money transmitting business on April 10. court filings state, He was part of an international criminal network that induced U.S. Somarriba and Su each entered a guilty plea to alleged conspiracy to operate an unlicensed money transmitting business on April 14, and June 9, respectively.USSS’s Global Investigative Operations Center is investigating the case. victims to transfer funds to accounts controlled by co-conspirators who then laundered victim money through U.S. The co-conspirators then promoted fraudulent digital asset investments to the victims. Li and Zhang each entered a guilty plea to alleged conspiracy to commit money laundering on Nov.12, 2024, and May 13, 2024, respectively.He co-founded Axis Digital with defendant Jose Somarriba. custody since April 2024, and Lu Zhang, a Chinese national illegally in the United States who managed a network of U.S.-based money launderers. shell companies, international bank accounts, and digital