Jingliang Su received a 46-month prison sentence for his involvement in a $36.9 million cryptocurrency scam that defrauded 174 Americans. The operation, based in Cambodia, used fake investment schemes and laundered money through US shell companies. Along with his sentence, Su must repay nearly $27 million to the victims.

Authorities in Spain have arrested a group of individuals involved in a significant cryptocurrency fraud scheme that allegedly defrauded investors of nearly €3 million. The operation involved fake investments in cryptocurrency and misled investors about the profitability and legitimacy of the scheme. Law enforcement continues to investigate the extent of the fraud and the individuals involved.

The article discusses the rise of new investment scams that utilize Facebook ads to lure unsuspecting individuals into fraudulent schemes. These scams often promise high returns with minimal risk, targeting users through deceptive marketing tactics. Awareness and caution are emphasized as essential measures to avoid falling victim to such scams.