A dual citizen of China and St. Kitts and Nevis has pleaded guilty in a U.S. federal court to his role in a scheme that involved laundering more than $73 million in illicit proceeds obtained through cryptocurrency investment scams.
Daren Li, 41, pleaded guilty to conspiracy to commit money laundering in a Los Angeles federal court on Nov. 12, according to a press release from the U.S. Attorney’s Office for the Central District of California.