FBI Arrests Three in Pig Butchering Crypto Scam Tied to $13M Fraud Scheme

Federal authorities arrested three people in California for allegedly laundering over $13 million from victims of crypto funding scams referred to as “pig butchering.” The suspects, together with Chinese language nationals Mingzhi Li and Zeyue Jia, together with Jun Shi, allegedly created shell firms—Magic Location Buying and selling and Stone Water Buying and selling—to function unregistered cash service companies that funneled funds […]



Source link