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Tuesday, January 18, 2022

Ex-Chinese official to plead guilty in LA for money laundering

LOS ANGELES—A former Chinese official who was a fugitive for more than five years is expected to plead guilty on December 20 to federal conspiracy charges alleging he laundered millions of dollars and stolen some Used the money to buy property in Monterey Park.

Jianjun Qiao, 58, was extradited from Sweden to Los Angeles last year to face charges originally filed seven years ago.

In July 2014, a federal grand jury indicted Qiao and his ex-wife, accusing them of two separate schemes. An extended indictment against Qiao returned in December 2018 accusing him of conspiracy to commit immigration fraud and
Three counts of international transportation of stolen money, conspiracy to launder money, and involvement in financial transactions in criminally obtained property.

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Prosecutors allege that from 1998 to 2011, as director of a grain store in the city of Zhoukou in Henan province, Qiao laundered millions of dollars in income related to fraudulent transactions through banks in China, Hong Kong and Singapore. The indictment alleges that Qiao then used the stolen money to buy Monterey Park properties, among other things.

Qiao’s ex-wife, 58-year-old Shilan Zhao of Newcastle, Washington, along with her ex-husband found herself still married and guilty of conspiracy to lie about the source of Zhao’s foreign investments in January 2017, according to EB. – was required under. 5 Immigrant Investor Programs for Obtaining a US Immigrant Visa. He is to be sentenced in March.

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