Woofun AI reports that Zhuo Ying Chen and Hao Jie Zhang were formally indicted in Brooklyn federal court on July 16 for conspiracy to commit money laundering. Prosecutors allege the pair operated a network involving over 10 individuals, utilizing 45 shell companies and 140 corporate bank accounts to transfer at least $43 million from "pig-butchering" scams to China between 2020 and 2022. The investigation involved Homeland Security Investigations, the FBI, IRS Criminal Investigation, and the U.S. Postal Inspection Service. Each defendant faces a maximum sentence of 20 years in prison.