Ex-CCB Asia Manager Pleads Guilty to $470K USDT Bribe Over $1.6B in Fake Documents
- —The bribe amounted to about $470,000 in USDT, most of which he converted into Hong Kong dollars
- —Forged documents worth over $1.6 billion were used as collateral for transactions
- —He pleaded guilty to one charge: conspiracy to accept an advantage as an agent
- —Sentencing is scheduled for September 18; the defendant is in custody
Why it matters: The case shows USDT being used in corruption schemes, increasing pressure on banks and regulators over AML.
Source: PANews