An alleged $92 million money laundering scheme “went right through” three of the largest banks in the US, according to a new report.
A group of alleged drug couriers and money launderers are accused of depositing hundreds of thousands of dollars in illicit funds into accounts at JPMorgan Chase, Bank of America and Wells Fargo, CNN reports, citing court documents.
In an indictment, the US Department of Justice accuses 37-year-old Enhua Fang of leading a $92 million drug money laundering cell that deposited a total of $17 million in cash in US banks.
“[Prosecutors say] Fang’s couriers made more than 100 cash deposits worth $17 million at banks from California to Virginia…
“Her alleged co-conspirators deposited hundreds of thousands of dollars into accounts at JPMorgan Chase, Bank of America and Wells Fargo, according to court documents.”
Fang was arrested in Oregon in April.
The Justice Department says she was the main point of contact for Mexican drug trafficking groups and deposited illicit funds into bank accounts in 20 states, including California, Florida, Illinois, Indiana, Missouri, North Carolina, Tennessee, Texas, Virginia and Wisconsin, reports The Oregonian. .
Wells Fargo and Bank of America have declined to comment on the allegations, while JPMorgan Chase has not responded to requests for a statement.
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