Bank of America Insider helps criminal and illegal companies to wash funds in the massive global conspiracy: US Justice Ministry

An insider from the Bank of America is guilty of increasing a global money laundering conspiracy that, according to the US Ministry of Justice (DOJ), supports drug dealers and other illegal companies.

According to the DOJ, the former employee of Bank of America, Rongjian Li, was a member of a money laundering and drug trade from Jin Hua Zhang.

According to the public prosecutor, Li used his position at the bank from 2021 to 2022 to help the criminal organization open several accounts.

The organization of Zhang then used the Bofa accounts, some of which were registered using fake passes to wash illegal means.

“As part of his participation, when the bank's financial examination systems were marked or frozen, the bank's anti-money laundering protocols helped to avoid avoiding the bank and moving illegal means elsewhere.

In addition, Li was sitting next to Zhang at a dinner in New York, where Zhang discussed the various fee percent sentences, which he charged for drug trafficking and fraud. “

It is believed that Zhang's organization has washed millions of dollars within months.

“The investigation showed that Zhang leaned against a fee against drug dealers and washed profits from other illegal companies. In less than a year, Zhang and its organization have washed drug revenues worth at least 25 million US dollars from hidden agents. “

Li owe to the indictment of the conspiracy to commit money laundering. He faces a fine and a prison sentence.

“The indictment of up to 20 years, up to three years, overlaps and a fine of up to 500,000 US dollars or twice as high as the amount, depending on what is increasing, provides for the indictment of up to 20 years.”

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