Businessman extradited from Peru to face money laundering charges -
Starting in at least 2016, Jianxing Chen is accused of leading a network of couriers who funneled the proceeds of drug sales across the U.S. to locations in New York City, where it was laundered.As part of the wider conspiracy, Mr. Chen also helped fellow conspirator Xizhi Li operate a Guatemala City casino, according to court documents.Mr. Chen’s five co-conspirators have already been sentenced for their part in the scheme. Mr.
If Mr. Chen is convicted of the drug distribution charges, he will have a mandatory minimum sentence of 10 years in prison, with a maximum sentence of life in prison. His co-conspirators have been convicted on only money laundering, with sentences ranging from 18 months for Eric Yong Woo and 15 years for Li.
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