Reported by Sam Cavanaugh

Earlier today, the Department of Justiceannounced that Jin Hua Zhang, a 36-year-old man from Staten Island, New York, plead guilty to charges related to his role as the leader of an international money laundering conspiracy.

The intricate operation involved not only money laundering, but also the distribution of large quantities of cocaine and MDMA (ecstasy) in Massachusetts.

Jin Hua Zhang’s criminal empire had its beginnings detected in the Greater Boston area. 

Eventually, investigators discovered leaders and members of the operation throughout the United States and abroad. 

A year-long investigation followed, infiltrating the organization. 

It was revealed that, for a fee, Zhang laundered bulk cash for drug dealers, as well as profits from other illegal businesses and internet-based scams. 

His modus operandi involved directing co-conspirators to pick up countless amounts of money in cash or transmit millions via wire transfers and bank deposits.

Read full report: https://hoodline.com/2023/09/new-york-man-guilty-of-25m-mdma-fueled-international-money-laundering-conspiracy-in-boston-federal-court/