US authorities have arrested five individuals, namely, Michael Dean Richards, Branden Denver Richards, Douglas Paul Michael Davis, Vinh Quang Phan and Diana Le Phan for a 21-month-long ML conspiracy involving millions of dollars.
The Phans ran an unlicensed money transmitting business that transmitted US currency. Further, Davis and the Richards supplied some of these funds, obtained illicitly from the trafficking and sale of controlled substances.
During this conspiracy, the Phans’ business received and transmitted more than $32 million. They moved this money through the financial system via bank accounts and virtual currency accounts. These accounts were either in their names, or in the names of their three registered businesses or co-conspirators.
Source: US Department of Justice