Daren Li, 41, admits to a $73M cryptocurrency fraud; arrested in Atlanta, he faces up to 20 years in prison.

Daren Li, a 41-year-old Chinese citizen, admitted to orchestrating a $73 million cryptocurrency fraud scheme, using shell companies and international bank accounts to launder money. Arrested at Atlanta airport in April, Li faces up to 20 years in prison and a fine of up to $500,000 or double the financial gains from the crime. His accomplice was caught in Los Angeles.

November 13, 2024
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