US Man Indicted in $27M Cartel Laundering Plot.

Yan Lin, a 41-year-old California resident, has been charged in Cincinnati for laundering tens of millions of dollars for Mexican drug cartels using a sophisticated Chinese network. Between 2022 and 2024, Lin allegedly facilitated the transfer of approximately $27 million in proceeds from the sale of fentanyl, cocaine, and methamphetamine. The operation utilized "mirror transactions," an informal system where bulk cash was delivered to third parties to buy electronics, allowing cartels to receive their payments in Mexico while bypassing traditional banking oversight. Lin now faces up to 20 years in prison if convicted of money laundering conspiracy and concealment.

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