A Chinese national residing in Georgia pleaded guilty to conspiring to launder millions of dollars in drug proceeds for an international money laundering network, the Department of Justice announced on June 3.
Puquan Huang, 50, was indicted in April 2025 along with two other members of the organization, which prosecutors said was responsible for laundering at least $30 million in proceeds tied to the trafficking of illegal drugs, including cocaine and fentanyl.
Beginning in 2021, Huang engaged in what prosecutors described as a “sophisticated trade-based money laundering scheme.”
Under the scheme, Huang and his coconspirators traveled to multiple states, including Georgia, South Carolina, and North Carolina, to pick up bulk cash from illicit drug sales….