WASHINGTON, USA – A Chinese national pleaded guilty June 29, 2020, to conspiracy to commit money laundering in connection with laundering more than $4 million in drug proceeds generated by large-scale cocaine trafficking in the United States.
According to court documents, Xueyong Wu, 40, cultivated relationships with Latin American drug trafficking organizations to transport and launder their United States-based drug proceeds. Wu is scheduled to be sentenced on September 29.
Much of this money was repatriated to Mexico through a complex series of international financial transactions. Wu received a percentage of the money involved in these transactions as compensation for organizing these laundering activities. Much of this money was generated through the movement of cocaine or payment for cocaine that took place within the Eastern District of Virginia.
Assistant US attorneys Michael P. Ben’Ary and David A. Peters, along with Trial Attorneys Steve Sola and Kerry Blackburn of the Criminal Division’s Money Laundering and Asset Recovery Section are prosecuting the case.