Event Brief
Two Chinese nationals charged in US cartel money laundering
Filed: May 22, 2026 at 2:05 PM ET
Summary: Ruhuan Zhen and Hongce Wu were indicted for conspiracy to launder drug cartel money, the US Justice Department said.
WHO: U.S. Department of Justice
WHAT: Indicted Ruhuan Zhen and Hongce Wu for conspiracy to launder money for drug cartels.
WHEN: May 22, 2026 at 1:52 PM ET
WHERE: USA
WHY: They allegedly hid the source of illegally obtained funds for drug cartels using methods including mirror transfers, encrypted apps, and trade schemes.
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