Yan Lin, 41, of California, made an initial appearance today in Cincinnati on charges of conspiracy to launder tens of millions of dollars derived from drug trafficking proceeds.<\/p>\n
According to the indictment unsealed today, between March 2022 and October 2024, Mexico-based drug traffickers hired Lin to return tens of millions of dollars in profits from the sale of fentanyl, cocaine, and methamphetamine in cities throughout the United States to Mexico. Lin arranged for his co-conspirators to deliver bulk cash to others who bought electronics that were shipped to co-conspirators in Hong Kong, China, and elsewhere. After confirmation of receipt of the bulk cash, Mexico-based drug traffickers would receive their payment in Mexico, minus a commission, via a \u201cmirror transaction.\u201d One ledger, which recorded just a portion of Lin\u2019s money contracts in 2024, totaled approximately $27.4 million in bulk cash delivered across the United States.<\/p>\n
\u201cAs alleged in the indictment, the defendant laundered tens of millions of dollars in drug proceeds from the United States through China, enabling a continuous flow of dangerous drugs into our country from Mexico,\u201d said Assistant Attorney General A. Tysen Duva of the Justice Department\u2019s Criminal Division. \u201cDismantling Chinese money laundering networks that support drug trafficking organizations is critical to achieve the total elimination of cartels and transnational criminal organizations. The Criminal Division will relentlessly pursue the illicit financial networks that fuel and profit from these dangerous organizations.\u201d<\/p>\n
\u201cWithout money launderers, drug cartels are stuck with dirty money they can\u2019t use,\u201d said U.S. Attorney Dominick S. Gerace II for the Southern District of Ohio. \u201cThese profiteers help facilitate the distribution of deadly drugs into our communities and will be held accountable as if they trafficked the drugs themselves.\u201d<\/p>\n
\u201cBy targeting those who facilitate the movement of illicit proceeds, we are attacking the lifeblood of drug trafficking operations and protecting Americans,\u201d said Acting Special Agent in Charge Matthew Stentz of Immigrations and Customs Enforcement Homeland Security Investigations (HSI) Detroit Field Office. \u201cHSI remains committed to working with our law enforcement partners to disrupt and dismantle criminal networks who illegally use our nation\u2019s financial infrastructure to funnel drugs into our communities.\u201d<\/p>\n
\u201cLaundering drug trafficking money helps the cartels reap enormous profits while Americans are harmed by their dangerous drugs,\u201d said Special Agent in Charge Jason Cromartie of the FBI Cincinnati Field Office. \u201cMoney laundering is a serious crime that the FBI and our partners will continue to investigate as we work to disrupt the flow of drugs and dismantle the dangerous cartels<\/p>\n
Yan Lin is charged with conspiracy to commit money laundering and concealment money laundering. If convicted, Lin faces a maximum penalty of 20 years in prison.<\/p>\n
This case is being investigated by the HSI Cincinnati Office, IRS Criminal Investigations, the Drug Enforcement Administration, including the New York, Philadelphia, Charleston, Tulsa and Atlanta offices, FBI Cincinnati, and the Hamilton County Sheriff\u2019s Office Regional Enforcement Narcotics Unit. DEA\u2019s Special Operations Division also aided the investigation.<\/p>\n
Acting Assistant Deputy Chief Mingda Hang, and Trial Attorney Elizabeth Rabe of the Criminal Division\u2019s Money Laundering, Narcotics and Forfeiture Section, and Assistant U.S. Attorney David Dornette for the Southern District of Ohio, are prosecuting the case.<\/p>\n
An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.<\/p>\n","protected":false},"excerpt":{"rendered":"Yan Lin, 41, of California, made an initial appearance today in Cincinnati on charges of conspiracy to launder…\n","protected":false},"author":2,"featured_media":357520,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,3,21,19,22,20,25,24],"class_list":["post-396928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-news","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/396928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=396928"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/396928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/357520"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=396928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=396928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=396928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}