Two Men Charged in Brooklyn in Money Laundering Case Linked to Pig Butchering Scams

A federal court in Brooklyn unsealed an indictment charging Zhuoying Chen, also known as "Jolene," and Haojie Zhang, also known as "Kevin," with money laundering conspiracy. The case is tied to their alleged participation in a scheme to launder funds derived from cyber investment fraud scams, described in the filing as "pig butchering" scams.

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The indictment was unsealed earlier today in federal court in Brooklyn. The source states that both defendants were arrested today.

Chen and Zhang were scheduled to be arraigned this afternoon before United States Magistrate Judge James R. No additional facts about the scale of the laundering scheme, the victims, or the amount of proceeds are provided in the source.

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