Charged With Diverting $10M to Non US Crypto Exchanges Daniel Chieh Pleads Guilty

Charged With Diverting $10M to Non US Crypto Exchanges Daniel Chieh Pleads Guilty by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, March 4 – For a scheme to rob $10 million from banks and move it to foreign cryptocurrency exchanges, Fei Jiang and two others were indicted and presented on November 16, 2023.    Fei Jiang was ordered free on $50,000 bond in the U.S. District Court for the Southern District of New York Magistrates Court. Inner City Press was there, the only media in the SDNY Mag Court.    Magistrate Judge Robert W. Lehrburger said that if Pre-Trial Services does not find Jiang's resident appropriate, his release may be revisited. The AUSA added that his GPS should include an exclusion for area airports including Atlantic City and Teterboro. The other defendants are Naifeng Xu (presented in Oklahoma) and Zhong Shi Gao, freed on bond in SDNY.  On November 20, Naifeng Xu was in the SDNY Mag court, and so again was Inner City Press. He too was released on bond. Jump cut to January 15, 2025, when the trial date was pushed back to September 8: "Defendants Fei Jiang, Tommy Lin and Henry Yau arraigned on Superseding Indictment S8 23 CR 572 (CM) defendants plead NOT guilty. Court sets motion schedule for defendant Henry Yau: Defendant's motions are to be filed by March 14, 2025; Government's response due April 4, 2025; and defendant's reply by April 17, 2025 The trial of this case, previously scheduled for May 12, 2025, is adjourned to September 8, 2025, at 9:30 a.m. The case is adjourned to May 1, 2025, at 2:00 p.m., for a status conference." On March 14 co-defendant Lin pled guilty before Magistrate Judge Sarah Netburn, with sentencing control date set at June 12. On June 12, Lin got time served: "Sentencing held on 6/12/2025 for Tommy Lin. The defendant is hereby sentenced to Time Served. Defendant shall pay restitution in the amount of $20,000.00, to the victim named in Schedule A, of the Restitution Order." On January 14, 2026 co-defendant Fei Jiang pled guilty to counts S10-1 and S10-2, with sentencing set for April 30 at 4 pm. On February 5, Zhong Shi Goa pled guilty, with sentencing on May 5. On March 4, another: "before Judge Colleen McMahon: Change of Plea Hearing as to Daniel Chieh held on 3/4/2026. Defendant withdraws his previously entered plea of not guilty to Count S4-3 (contained in S4 superseding indictment) and now pleads guilty to Count S4-3. The Court accepts defendants plea.The matter is adjourned to June 1, 2026, at 12:00 p.m., for sentencing. Bail continued." The case is USA v. Gao, at el., 1:23-cr-572 (McMahon) *** Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron. Feedback: Editorial [at] innercitypress.com SDNY Press Room 500 Pearl Street, NY NY 10007 USA Mail: Box 130222 NY NY 10013 Reporter's mobile (and weekends): 718-716-3540 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2026 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com