daren

The U.S. Department of State's Bureau of International Narcotics and Law Enforcement Affairs announced a reward of up to $4 million under the Transnational Organized Crime Rewards Program for information leading to the arrest of Daren Li, who assisted various scam centers in Southeast Asia in laundering their proceeds.According to court documents, Daren Li laundered funds obtained from victims through cryptocurrency scams and related fraudulent means, instructing accomplices to open U.S. bank accounts in the name of shell companies, and monitored the interstate and international wire transfers of victim funds. At least $73.6 million of victim funds were directly deposited into bank accounts associated with him and his accomplices, including at least $59.8 million from U.S. shell companies involved in laundering the proceeds obtained from defrauded victims.

ChainCatcher news, according to PRNewswire, the Hong Kong-listed company "Daren International" announced the signing of a non-binding memorandum of understanding with FLock Technology Holdings. The two parties will collaborate to develop privacy-preserving artificial intelligence solutions and consider future strategic expansions, including the potential incorporation of the FLOCK token into "Daren International's" strategic token reserves.FLock stated that the collaboration with "Daren International" marks a key step in expanding its privacy-preserving AI technology from highly regulated industries such as healthcare and finance to the consumer manufacturing and apparel supply chain. "Daren International" has a strong distribution and manufacturing foundation in the Southeast Asian apparel and gifts industry.

ChainCatcher news, according to a statement from the U.S. Department of Justice, Daren Li, a resident with dual citizenship of China and Saint Kitts and Nevis, has pleaded guilty to a conspiracy to commit money laundering for his involvement in a money laundering scheme related to a cryptocurrency investment scam that generated millions of dollars in proceeds. Daren Li and his co-conspirators used a network of shell companies and international bank accounts to launder over $73 million from victims of the cryptocurrency investment fraud. Daren Li is scheduled to be sentenced on March 3, 2025. Li faces a maximum of 20 years in prison.