Two Members of Chinese Money Laundering Network Charged with Laundering Investment Fraud Proceeds

Source: United States Department of Justice Criminal Division

Earlier today, in federal court in Brooklyn, an indictment was unsealed charging Zhuoying Chen, also known as “Jolene,” and Haojie Zhang, also known as “Kevin,” with money laundering conspiracy in connection with their participation in a scheme to launder funds derived from cyber investment fraud scams, or “pig butchering” scams.  The defendants were arrested today and will be arraigned this afternoon before United States Magistrate Judge James R. Cho.