Crypto fraudster pleads guilty of taking part in $73 million laundering scheme
- Daren Li, a Chinese citizen, pleaded guilty to conspiracy to help launder $73 million stolen in cryptocurrency scams.
- Li laundered funds using a network of shell companies and international bank accounts.
- Li was arrested at Atlanta airport in April, while co-conspirator Yicheng Zhang was arrested in Los Angeles in May.
A Chinese dual citizen has pleaded guilty for his involvement in laundering $73 million obtained through multiple crypto fraud schemes.
Daren Li, 41, pleaded guilty to conspiracy to commit money laundering. Prosecutors revealed in a plea agreement filed on Monday in a federal court in California that the scheme generated millions through various crypto investment scams, including “pig…
