A dual citizen of China and St. Kitts and Nevis has pleaded guilty in a U.S. federal court to his role in a scheme that involved laundering more than $73 million in illicit proceeds obtained through cryptocurrency investment scams.
Daren Li, 41, pleaded guilty to conspiracy to commit money laundering in a Los Angeles federal court on Nov. 12, according to a press release from the U.S. Attorney’s Office for the Central District of California.
“Financial criminals and the money launderers who enable them wreak untold harm, ruining lives in the process,” U.S. Attorney Martin Estrada said in a statement. “Investors should be diligent and on guard against anyone offering quick riches via new, exotic investments. A healthy dose of skepticism could prevent financial ruin down the road.”…