Two Foreign Nationals Charged with Laundering $73M from Crypto Scams

The suspects allegedly used shell companies and international bank accounts to conceal the origins of the illicit funds.

The defendants, Daren Li and Yicheng Zhang, face charges of conspiracy and international money laundering.
Li was arrested in Atlanta, while Zhang was detained in Los Angeles.
The scheme involved transferring funds through U.S. and international banks, converting them into cryptocurrency.
The operation, known as 'pig butchering,' defrauded victims by inducing them to invest in fake crypto schemes.
Both suspects could face up to 20 years in prison if convicted on all charges.