Daren Li sentencing in California federal court for pig butchering scam
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Daren Li was sentenced in absentia to 20 years in prison for helping run a pig butchering cryptocurrency investment scam that stole more than $73 million. The sentence in California federal court adds legal pressure to a laundering network that moved victim funds through shell companies and crypto platforms. Li had already pleaded guilty to conspiracy to launder the proceeds. The case shows how romance baiting scams use banking and cryptocurrency rails to hide stolen funds.
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Timeline
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10.02.2026 10:17 2 articles · 3mo ago
Daren Li sentenced in California federal court
Legal Policy Action UpdateDaren Li, a dual Chinese and St. Kitts and Nevis national, was sentenced in absentia in California federal court to 20 years in prison and three years of supervised release for helping launder more than $73 million from an international pig butchering cryptocurrency investment scam that targeted American victims and moved proceeds through U.S. bank accounts, approximately 74 shell companies, Deltec Bank in the Bahamas, and cryptocurrency platforms including Tether.
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- Fugitive behind $73M 'pig butchering' scheme gets 20 years in prison — www.bleepingcomputer.com — 10.02.2026 10:17
- Fugitive behind $73M 'pig butchering' scheme gets 20 years in prison — www.bleepingcomputer.com — 10.02.2026 10:17