U.S. Offers $4 Million Reward for Information on Daren Li's Money Laundering Activities

The U.S. Department of State's Bureau of International Narcotics and Law Enforcement Affairs has announced a reward of up to $4 million for information leading to the arrest of Daren Li, who is involved in money laundering for scam centers in Southeast Asia. According to ChainCatcher, court documents reveal that Daren Li laundered funds obtained from victims through cryptocurrency scams and related fraudulent activities. He directed accomplices to open U.S. bank accounts under shell company names and monitored the interstate and international wire transfers of victim funds. At least $73.6 million was directly deposited into bank accounts associated with him and his accomplices, including at least $59.8 million laundered through U.S. shell companies.