Zheng Zhao Extradited to U.S. in Case Involving More Than $36.9M in Victim Funds
Photo: TokenPost
Zheng Zhao, 44, was extradited from the Netherlands and arraigned in the Central District of California on Oct. 23 as U.S. prosecutors accused him of helping move funds from a crypto investment scam targeting U.S. citizens. Prosecutors allege the scheme operated from scam centers in Cambodia. Members contacted victims through social media, phone calls, text messages and dating platforms, then directed them to websites impersonating legitimate crypto trading platforms. The scammers told victims their investments were gaining value. More than $36.9 million in victim funds from U.S.
Source: TokenPost
