Two Chinese nationals and a California man pleaded guilty to money laundering charges involving drug trafficking proceeds, the U.S. Attorney’s Office for the Western District of North Carolina announced on May 1.
Xia Maoxuan, 29, of China, Lin Shao Neng, 58, of Baldwin Park, California, and Yu Zhou, 42, of China, were members of a Chinese money laundering organization (CMLO) that laundered more than $92 million in illicit drug proceeds primarily through Mexico.
According to the indictment, the trio’s scheme started in May 2022 and continued until March 2024.
Xia, who was highly active in the organization, traveled across the United States to collect drug trafficking proceeds from traffickers, according to prosecutors. Xia then deposited the money into shell company bank accounts registered by other organization members, including Lin and Yu….
3 Members of Chinese Criminal Organization Plead Guilty to Laundering Millions in Illicit Drug Proceeds
