Guilty pleaSouthern Texas
Suburban man convicted of Bitstamp cryptocurrency fraud scheme
Oct 12, 2023 · Sourced to the U.S. Department of Justice
This case reached the guilty plea stage in the Department of Justice's public record. Everything below reflects only what the government itself announced, and links to the original release.
A 37-year-old Sugarland resident has pleaded guilty to aggravated identity theft in connection with a scheme to fraudulently obtain and launder more than $500,000
Defendants
- Xiaofei Chen — age 37 · Sugarland · pleaded guilty
Charges
Aggravated identity theft
Max: two years in prisonXiaofei Chen· pleaded guilty
Financial actions
- fraud: $520,000 — Fraudulent wire from the victim's checking account
- money laundering: more than $500,000 — Proceeds converted into Bitcoin and laundered through numerous transactions
Investigating agencies
Federal Bureau of InvestigationU.S. Attorney's Office
Case details
- Prosecuting office
- Southern District of Texas
- Judge
- Alfred H. Bennett, U.S. District Judge
- Assets
- Bitcoin
Aggravated Identity TheftCryptocurrency FraudMoney LaunderingWire Fraud
Primary source
Every fact above is drawn from the Department of Justice's own announcement — a public-domain government record.
Read the original DOJ release →This is a research and reference page compiled from public DOJ announcements, not legal advice. Details reflect the government's statements as of its release date and may not capture later developments such as appeals, dismissals, or overturned convictions. Defendants are presumed innocent unless and until proven guilty.