US charges two over laundering $43 million from investment fraud

U.S. prosecutors charged Zhuoying Chen and Haojie Zhang for running a sophisticated Queens/Brooklyn money‑laundering network that allegedly moved at least $43 million in proceeds from social‑media investment scams between 2020–2022 using roughly 140 bank accounts tied to about 45 shell companies; the report places the case alongside broader enforcement actions and rising investment‑fraud losses.