LOS ANGELES — A Los Angeles man has been sentenced to three years behind bars and ordered to pay $26.8 million for his role in laundering more than $36.9 million from victims of an international digital asset investment scam that was carried out from Cambodia, officials said Tuesday.

Jose Somarriba, 56, who pleaded guilty in April to conspiracy to operate an unlicensed money services business, was sentenced Monday in Los Angeles federal court.

Somarriba and four co-defendants were part of an international criminal network that induced U.S. victims, believing they were investing in digital assets, to transfer funds to accounts controlled by co-conspirators and that laundered victim money through U.S. shell companies, international bank accounts and digital asset wallets, according to th

See Full Page