According to a statement from the US Department of Justice, 44 year old Chinese man Zheng Zhao has been extradited from the Netherlands to the United States on suspicion of participating in a cross-border cryptocurrency investment fraud and money laundering network operated by a Cambodian fraud center, and will appear in federal court for the Central District of California. Investigators have confirmed 174 American victims. The prosecutor stated that over $36.9 million in victim funds were transferred to the same account at Deltec Bank in the Bahamas, exchanged for USDT, transferred to wallets controlled by Cambodia, and distributed to local fraud center officials. Zhao is charged with conspiracy to launder money, and if convicted, faces a maximum of 20 years in prison; Currently, 8 accomplices have pleaded guilty. https://(wublock123.com)/news/china-man-extradited-to-us-for-36m-crypto-money-laundering-70625