California man sentenced to more than 4 years in prison for laundering $36.9 million in international digital asset scam
LOS ANGELES, CA – A California man was sentenced 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 operated from Cambodia. The court also ordered him to pay $26,867,242.44 in restitution to victims.
File Photo (September 2025)
According to the Justice Department, 39-year-old Shengsheng He of La Puente, California, a former co-owner of the Bahamas-based Axis Digital Limited, pleaded guilty on April 10 to conspiracy to operate an unlicensed money transmitting business in the Central District of California.
Court records show He and his co-conspirators induced U.S. victims to transfer funds into accounts controlled by the group. The money was laundered through U.S. shell companies, internat...








