U.S. prosecutors charged Zhuoying Chen and Haojie Zhang with running a money-laundering network that moved at least $43 million from cyber investment fraud scams into bank accounts in China. The case is part of a broader wave of pig butchering and investment fraud investigations, including major actions tied to Daren Li, Prince Group, and the Scam Center Strike Force. #ZhuoyingChen #HaojieZhang #DarenLi #PrinceGroup #ScamCenterStrikeForce
Keypoints
- Chen and Zhang were charged for laundering scam proceeds through a Queens and Brooklyn network.
- The alleged operation used over 140 bank accounts and about 45 shell companies.
- At least $43 million was transferred to bank accounts in China.
- The fraud began with social media or messaging contacts and fake investment profits.
- The case follows other major actions against pig butchering and investment fraud rings.