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Anonymous ID: f1d572 Sept. 12, 2023, 2:45 p.m. No.19538671   🗄️.is 🔗kun   >>8958 >>9185 >>9319

>>19538602

>https://www.justice.gov/opa/pr/leader-international-money-laundering-network-sentenced-laundering-millions-dollars-drug

Leader of International Money Laundering Network Sentenced for Laundering Millions of Dollars in Drug Proceeds

A foreign national was sentenced today to 10 years in prison and ordered to forfeit $6 million for conspiracy to commit money laundering after laundering millions of dollars of drug proceeds on behalf of international drug trafficking organizations.

According to court documents, from at least 2014 to 2020, Jianxing Chen, 42, of Belize City, Belize, led and controlled a network of couriers who transported cash generated by the sale of cocaine throughout the United States – including Chicago, Houston, Los Angeles, New York, and Atlanta – from those locations to New York City. From there, the cash was laundered through a variety of methods until it, or its equivalent value, was remitted to drug trafficking organizations in Latin America, including Mexico. Chen received “contracts” to transport and launder this money through co-conspirators who were prosecuted and convicted based on the same superseding indictment.

Chen coordinated the laundering of multimillion dollar quantities of drug proceeds from Latin American drug trafficking organizations, including organizations based in Mexico, into the hands of Chinese nationals, who subsequently engaged in a sophisticated scheme to covertly launder the drug money into mainland China, largely circumventing the U.S. financial system.

Chen pleaded guilty on May 23. In October 2021, co-defendant Xizhi Li was sentenced to 15 years in prison for leading the conspiracy to launder tens of millions of dollars for foreign drug trafficking organizations. Li signed a consent order of forfeiture for $10,000,000 to the United States pursuant to his plea.