U.S. law enforcement offers $4 million reward for information leading to arrest of cryptocurrency money laundering suspect Daren Li

Odaily Planet Daily News The U.S. State Department's Bureau of International Narcotics and Law Enforcement Affairs announced a reward of up to $4 million under the Transnational Organized Crime Rewards Program for information leading to the arrest of Daren Li, who assisted various fraud centers in Southeast Asia in laundering their proceeds.

According to court documents, Daren Li laundered funds obtained from victims through cryptocurrency scams and related fraudulent means, directing co-conspirators to open U.S. bank accounts under shell companies and monitoring the interstate and international wire transfers of victim funds. At least $73.6 million in victim funds were directly deposited into bank accounts linked to him and his co-conspirators, including at least $59.8 million from U.S. shell companies used to launder proceeds defrauded from victims.