Chinese national sentenced in North Carolina for laundering drug trafficking proceeds
A Chinese national was sentenced today in the Western District of North Carolina to 15 years in prison and ordered to forfeit $25 million, according to the source. The case concerns the defendant's role in a Chinese money laundering organization, or CMLO, that laundered more than $92 million in illicit funds. The source says the money included proceeds from the importation and distribution of illegal drugs into the United States. The laundering network was tied primarily to drug trafficking activity moving through Mexico into the United States. No further operational details, co-defendants, or enforcement outcomes are provided in the source... [Continue Reading]
Breaking-360LiveNews | 18 Aug 2026 21:02 LONDON
Sponsored
Alleged $165 Million Crypto Ponzi Scheme Suspect Faces Federal Charges After Fiji Deportation
Edward Zimbardi is due to appear in federal court in the United States today after being deported back from Fiji. The source says he is accused of running a $165 million cryptocurrency Ponzi scheme and is now facing federal wire fraud and money laundering charges. According to the text, Zimbardi allegedly perpetrated the scheme before fleeing to Fiji. He was later deported to the United States, where the federal case is now moving forward. No additional facts are provided on the alleged victims, the duration of the scheme, the court location, or any plea or detention status. The source contains... [Continue Reading]
Breaking-360LiveNews | 17 Aug 2026 20:32 LONDON
