US Tax Authorities Arrest Duo Involved in $73M Money Laundering Scheme

Krutika Adani

Two individuals arrested in California for a $73 million money laundering scheme.

Duo: Yicheng Zhang and Daren Li, along with associates.

The scheme involved a “pig butchering” scam.

Scammers lured investors with promises, then absconded with funds.

The related wallet contained $341 million worth of virtual assets.