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Tuesday, October 26, 2021

Xizhi Li, Leader of Money Laundering Network Sentenced to 15 Years & Forfeits $10 Million

 "Socalj" for Borderland Beat

The leader of a money-laundering network was sentenced today to 15 years in prison for laundering tens of millions of dollars in drug proceeds on behalf of foreign drug trafficking organizations.

According to court documents, Xizhi Li, 48, a U.S. citizen who previously resided in Mexico, led a years-long scheme to launder money on behalf of transnational drug trafficking organizations. To carry out the scheme, Li and his conspirators used a foreign casino; foreign and domestic front companies; foreign and domestic bank accounts (some of which were opened under fictitious identities; encrypted communications platforms; and false identification documents. Li often dealt directly with members of drug trafficking organizations or their representatives to obtain “contracts” to move their drug proceeds. Once Li and his co-conspirators obtained a “contract” to launder drug proceeds, they would engage in financial transactions that were designed to conceal the illicit source of the original proceeds in return for the payment of commissions.

On Aug. 2, as reported by Borderland Beat, Li pleaded guilty to one count of conspiring to commit money laundering. Today, Li signed a consent order of forfeiture for $10,000,000 to the United States pursuant to his plea.

“The defendants laundered millions of dollars on behalf of drug traffickers through the global financial system in a manner that concealed the source and nature of the illicit funds,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division. “Global money-laundering networks enable drug cartels to profit from their deadly trade, and the guilty plea and today’s sentence underscore the Justice Department’s commitment to dismantling the financial infrastructure of transnational criminal organizations to take the profit out of crime. This plea and sentence would not have been possible without the tireless efforts of our federal law enforcement partners and the United States Attorney’s Office for the Eastern District of Virginia.”

Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division and U.S. Attorney Jessica D. Aber of the Eastern District of Virginia made the announcement. This prosecution is part of two investigations supported by the Organized Crime Drug Enforcement Task Force, known as Operation Dark Castle and Operation Taishan Triangle.

Source DOJ

18 comments:

  1. Back in April this year, MX reported on Li, with a couple of contributors. Li had a restaurant in LA, a seafood import business and established casinos in Guatemala to launder the proceeds. In the archives you can see him dressed up as Santa in NYC for the children. Talk about complicated criminal! Although he had USA citizenship, he was from from Hong Kong and lived mostly in Mexico. Typically laundered $350,000 across the states by car or plane to move the money around. Caught in Guam trying to buy fake passports for $150,000 he was very surprised he got caught. Good story Socalj and a long story on this guy.

    ReplyDelete
  2. Se pasaron de bergas compas. Ni modo guey. Se plantaron aqui en Mexico. Todo el puto planeta esta aqui. Que se queren llevarselas de malas con mis vessinos. Helios llegaron primero parnita. Hay mas que lavar. Los toco pura requesa con el mundo. Venieron aqui y ahorra se la tienen que awantar. Cuando pasaron por mi jente y tiempo no les Daban es el tiempo ahorritta. Pa que pelen los que se la pelaron toda. Suck it up motherfuckers you came here. We'll help you find what you're looking for.

    ReplyDelete
    Replies
    1. The fuck are you talking about you fucking retard

      Delete
    2. The best part is knowing and knowing many who do not know. It's why I'm the boss. Because a boss has got to know shit everyone else don't know. Your comments help me understand just how stupid you are. Your intention. And your motives. Kick rocks the boss ain't gotta call on no one, the boss just has to have a thought to make you disappear. Bye

      Delete
    3. Unkown..that comment and reply is the most crackhead thing I've seen on BB in a while. You make absolutely Zero sense. Try making full sentences that actually make sense. You sound completely spun the F-out. Stop hitting your glass verga so hard and maybe you'll have a moment of clarity

      Delete
  3. So many useless comments..

    ReplyDelete
    Replies
    1. Yeah please explain what are you talking about. The internet is simple you read what you think you like and just scroll the rest.

      Delete
    2. 9:40 Mr.Manta

      We are sorry you don't like the website, we are more than happy to refund your subscription.
      Have a nice day.

      Delete
    3. And yet moat of your comment no name "." Are useless comments..

      Delete
  4. Gotta admit it worked for awhile.

    ReplyDelete
  5. Sosa since noname dork put a Manta, they are calling him Mr. Manta.

    ReplyDelete
  6. Guatemalan casinos, ok, who are the partners???
    At least Zhenli Ye Gone "lost" his millions of dollars in Las Vegas casinos, joaquin barragan galicia "La Quina" had his partner in the PEMEX Workers Union (Salvador Barragan Camacho) also losing millions of dollars in Las Vegas, and when he got found it cost them their freedom amd their union job, and it cost Mexico billions and billions of dollars in expenses on deals with ever greedier foreign and domestic contractors and huachicoleros, the domestic huachicoleros stealing fuel in plastic milk gallon jugs, the foreigners stealing by the oil tanker ship, bless the foreign oil pirates doing their magic works in mexico through kickbacks to corrupt legislators and "presidents"

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  7. Hong fon chu Minh loses the 10 million and 15:in the pen. For those of you that cry, our tax dollars are wasted on fighting crime....well this netted 10 million forfieted to the government. So in this tax payer Money vis saved.

    ReplyDelete

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