Chinese national Jianfei Lu sentenced to 15 years in US$92m drug money scheme

A Chinese national, described by the US Justice Department as a “prolific” money launderer, was sentenced to 15 years in prison on Tuesday and ordered to pay US$25 million for his role in a Chinese money laundering outfit with ties to Mexican drug gangs. The agency said Jianfei Lu, aged 31, was involved in laundering more than US$92 million in illicit funds in a two-year period, collecting the money from US-based drug traffickers and depositing it into shell company bank accounts using both real...