Five men were involved in a 36.9 million USD scheme, using shell companies to mislead victims into thinking their investments were successful while actually diverting assets to Cambodia. The five men have faces stiff penalties as part of a crackdown on international crypto fraud.
The guilty parties face severe repercussions, with two individuals potentially facing 20-year prison sentences. The crackdown also ties into efforts against scams linked to North Korea’s Lazarus Group. The US government aims to eliminate such fraudulent activities.
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