Dutch police extradite Chinese national over Cambodian scam laundering
Original title: Dutch police extradite Chinese national accused of laundering Cambodian investment scam funds
Zheng Zhao faces up to 20 years after prosecutors say at least $36.9 million from 174 US victims moved through a Bahamas bank into USDT.
Dutch authorities extradited 44-year-old Zheng Zhao, who was arraigned Friday in a California district court. Prosecutors say he laundered proceeds of an investment fraud run from scam centers in Cambodia, converting funds at Deltec Bank in the Bahamas into USDT for wallets controlled in Cambodia. He is the ninth person charged; eight others pleaded guilty. He faces up to 20 years on one conspiracy count.
Unconfirmed: Prosecutors allege Zhao's role; he has been charged but not convicted.
- Investigators identified at least 174 American victims of the scheme.
- The group sent at least $36.9 million to the Deltec Bank account.
- ShengSheng He and Jingliang Su received 51-month and 46-month sentences.
- Scammers used social media, calls, texts and dating sites.
- Prosecutors say most funds went to leaders in Sihanoukville.
- Organizations
- Deltec Bank
From the original article
1 min read at therecord.media44-year-old Zheng Zhao was allegedly a key money-launderer working with a group of scammers who called U. S. -based victims and urged them to invest in fictitious businesses.
therecord.media
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