Home >> Syndicated Posts >> Chinese National Guilty of Laundering Millions for Mexican Drug Cartels

Chinese National Guilty of Laundering Millions for Mexican Drug Cartels

A Chinese national pleaded guilty today 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 Sept. 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.

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About R. Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

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