Daren Li, a dual citizen of China and St. Kitts and Nevis, pleaded guilty to conspiracy in a $73M crypto laundering scheme tied to investment scams, as announced by the US Department of Justice.
Daren Li, involved in a crypto scam, oversaw the transfer of over $73 million from victims to controlled wallets. He faces up to 20 years in U.S. prison.
Daren Li, born in China, admitted to laundering money in a massive crypto scam, including a $73 million fraud. He could face a 20-year sentence. Li used other companies and US-based bank accounts to conceal the source of funds.
Daren Li pleads guilty to laundering $73 million in a crypto scam and faces up to 20 years in prison.
Daren Li, a dual citizen of China and St. Kitts and Nevis, has confessed to laundering money as part of a $73 million crypto 'pig butchering' scam.
U.S. authorities arrested two Chinese nationals, Daren Li and Yicheng Zhang, accused of laundering over $73 million through various banks and converting funds into cryptocurrency USDT.
