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Chinese Nationals Charged with $73 Million Money-Laundering Scheme Linked to Cryptocurrency Scams in the U.S.

The U.S. Department of Justice (DOJ) has revealed that two Chinese citizens, Daren Li and Yicheng Zhang, are facing charges for their involvement in a sophisticated money-laundering operation. According to the indictment, Li and Zhang were responsible for funneling over $73 million from cryptocurrency investment scams, commonly referred to as pig butchering.