Svmuu reported that the U.S. State Department's Bureau of International Narcotics and Law Enforcement Affairs has announced a reward of up to $4 million under the Transnational Organized Crime Rewards Program for information leading to the arrest of Daren Li, who allegedly assisted various scam centers in Southeast Asia in laundering their proceeds.
According to court documents, Daren Li laundered funds obtained from victims through cryptocurrency scams and related fraudulent means. He instructed co-conspirators to open U.S. bank accounts under shell companies and monitored the interstate and international wire transfers of victim funds. At least $73.6 million in victim funds were directly deposited into bank accounts linked to him and his co-conspirators, including at least $59.8 million originating from U.S. shell companies used to launder proceeds defrauded from victims.