Two 
nationals — Maoxuan Xia (left pic) and Zhou Yu (right pic) — and a California man — Shao Neng Lin (middle pic), all members of a prolific Chinese money laundering organization (CMLO), have pleaded guilty to money laundering charges involving $92 million in drug trafficking proceeds from the importation and distribution of illegal drugs into the US, primarily through Mexico.
Xia was one of the most active members of the organization, traveling throughout the US to collect drug trafficking proceeds from US-based drug traffickers and deposit those illicit funds, using both real and fake identities, into shell company bank accounts registered by other members of the CMLO, such as Lin and Yu.
Xia and Yu each pleaded guilty to one count of money laundering conspiracy, one count of money laundering to conceal the nature, location, source, ownership, and control of the illicit proceeds, and one count of monetary transactions involving criminally derived property greater than $10,000. Lin pleaded guilty to one count of money laundering conspiracy, two counts of money laundering to conceal the nature, location, source, ownership, and control of the illicit proceeds, and two counts of monetary transactions involving criminally derived property greater than $10,000. Pursuant to his plea agreement, Xia admitted that he was personally responsible for laundering more than $30 million of illicit funds, including drug trafficking proceeds, in less than two years. Xia further admitted that he knew funds laundered in the conspiracy included drug trafficking proceeds or funds intended to promote drug trafficking.
Pursuant to their respective plea agreements, Lin and Yu both admitted that they each received, through the shell company bank accounts that they created and operated for the CMLO, approximately $20 million in illicit funds, including drug trafficking proceeds. Lin and Yu both admitted that the total amount of illicit funds laundered in the conspiracy for which they had actual knowledge and involvement was approximately $40 million.
In March last year, five Chinese nationals — Enhua Fang, Shu Jun Zhen, Jianfei Lu, Maoxuan Xia, and Shao Neng Lin — were indicted for money laundering: the suspects were part of a Chinese money-laundering operation that assisted drug trafficking by depositing drug money into Charlotte banks and concealing more than $92 million in drug proceeds.
justice.gov/usao-wdnc/pr/t
nationals — Maoxuan Xia (left pic) and Zhou Yu (right pic) — and a California man — Shao Neng Lin (middle pic), all members of a prolific Chinese money laundering organization (CMLO), have pleaded guilty to money laundering charges involving $92 million in drug trafficking proceeds from the importation and distribution of illegal drugs into the US, primarily through Mexico.
Xia was one of the most active members of the organization, traveling throughout the US to collect drug trafficking proceeds from US-based drug traffickers and deposit those illicit funds, using both real and fake identities, into shell company bank accounts registered by other members of the CMLO, such as Lin and Yu.
Xia and Yu each pleaded guilty to one count of money laundering conspiracy, one count of money laundering to conceal the nature, location, source, ownership, and control of the illicit proceeds, and one count of monetary transactions involving criminally derived property greater than $10,000. Lin pleaded guilty to one count of money laundering conspiracy, two counts of money laundering to conceal the nature, location, source, ownership, and control of the illicit proceeds, and two counts of monetary transactions involving criminally derived property greater than $10,000. Pursuant to his plea agreement, Xia admitted that he was personally responsible for laundering more than $30 million of illicit funds, including drug trafficking proceeds, in less than two years. Xia further admitted that he knew funds laundered in the conspiracy included drug trafficking proceeds or funds intended to promote drug trafficking.
Pursuant to their respective plea agreements, Lin and Yu both admitted that they each received, through the shell company bank accounts that they created and operated for the CMLO, approximately $20 million in illicit funds, including drug trafficking proceeds. Lin and Yu both admitted that the total amount of illicit funds laundered in the conspiracy for which they had actual knowledge and involvement was approximately $40 million.
In March last year, five Chinese nationals — Enhua Fang, Shu Jun Zhen, Jianfei Lu, Maoxuan Xia, and Shao Neng Lin — were indicted for money laundering: the suspects were part of a Chinese money-laundering operation that assisted drug trafficking by depositing drug money into Charlotte banks and concealing more than $92 million in drug proceeds.
justice.gov/usao-wdnc/pr/t