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3 L.A. County residents arrested in reported ‘pig butchering’ investment schemes totaling $13 million

Summary by LA Daily News
Prosecutors said the defendants operated from Downtown Los Angeles and San Gabriel.

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3 L.A. County residents arrested in reported ‘pig butchering’ investment schemes totaling $13 million

Prosecutors said the defendants operated from Downtown Los Angeles and San Gabriel.

·Los Angeles, United States
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Bitcoin.comBitcoin.com

FBI Arrests Three in Pig Butchering Crypto Scam Tied to $13M Fraud Scheme – News Bytes Bitcoin News

Federal authorities arrested three individuals in California for allegedly laundering over $13 million from victims of crypto investment scams known as “pig butchering.” The suspects, including Chinese nationals Mingzhi Li and Zeyue Jia, along with Jun Shi, allegedly created shell companies—Magic Location Trading and Stone Water Trading—to operate unregistered money service businesses that funneled funds […]

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mycalifornianews.commycalifornianews.com

Three arrested in California for laundering $13 million in investment scam

SANTA ANA, California — Three individuals, including two Chinese nationals, were arrested on federal criminal complaints for allegedly laundering over $13 million through shell companies linked to investment scams known as "pig butchering." The arrests took place this morning, and…

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LA Daily News broke the news in Los Angeles, United States on Wednesday, February 26, 2025.
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