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 runners 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, reports CNN, citing court documents.
In an indictment, the US Justice Department accuses 37 year-old Enhua Fang of leading a $92 million drug money laundering cell that deposited a total of $17 million in cash at banks across the US.
“[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 in accounts at JPMorgan Chase, Bank of America and Wells Fargo, according to court documents.”
Fang was arrested in Oregon back in April.
The Justice Department says she was the main contact for Mexican drug trafficking groups, and deposited illicit funds into bank accounts across 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 answered requests for a statement.
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