Svmuu News: According to an announcement by the U.S. Attorney’s Office for the Eastern District of New York, Chen Zhuoying and Zhang Haojie were formally indicted on July 16 in federal court in Brooklyn on charges of conspiracy to launder money.
Prosecutors allege that between 2020 and 2022, the two operated a money-laundering network involving more than 10 people in Queens and Brooklyn, New York, using approximately 45 shell companies and 140 corporate bank accounts to transfer at least $43 million in proceeds from “pig butchering” investment scams to accounts in China.
The case was jointly investigated by the U.S. Department of Homeland Security’s Investigations (HSI), the Federal Bureau of Investigation (FBI), the Internal Revenue Service’s Criminal Investigation Division (IRS-CI), and the U.S. Postal Inspection Service. If convicted, each defendant faces up to 20 years in prison.