U.S. DOJ charges 2 Chinese nationals for allegedly laundering $43M in cyber investment fraud proceeds through a network of shell companies and overseas accounts

Between 2020 and 2022, the pair allegedly coordinated a network of over a dozen people who opened 140 bank accounts under approximately 45 shell companies to disguise and transfer illicit funds, including moving proceeds to accounts in China. The alleged scams involved criminals using social media and messaging platforms to build trust with victims…