Hong Kong Jails Ex-CCB (Asia) Banker For USDT Bribery Scheme

A Hong Kong court jailed former China Construction Bank (Asia) relationship manager Lam Chun-yin for four years after he took more than $470,000 in Tether (USDT) to authenticate forged bank instruments with a stated value above $1.6 billion. According to BeInCrypto, the ICAC said Lam, 32, worked in consumer banking at a Causeway Bay retail branch and was never authorized to handle letters of credit; the case involved Vesttoo Limited, Yu Po Holdings Limited and a scheme to conceal bribe payments through cryptocurrency.