US Charges Two Over $43M Chinese Money Laundering Operation
ID: a67e76a7-eb9b-5b20-9bc1-796b29369ad2
STIX ID: report--a67e76a7-eb9b-5b20-9bc1-796b29369ad2
Feed Name: The Cyber Express
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U.S. authorities unsealed an indictment accusing two New York residents of operating a China-linked money laundering network that allegedly laundered at least $40–43 million from online investment fraud schemes between 2020 and 2022 by using roughly 45 shell companies and 140 bank accounts to move victim funds to co-conspirators in China; the case is being investigated by FBI New York, HSI, IRS-CI and the U.S. Postal Inspection Service and is now in prosecution.
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