According to Wu Shuo, the U.S. Attorney's Office for the Eastern District of New York announced that Zhuoying Chen and Haojie Zhang have been arrested and charged for allegedly participating in a 'pig-butchering' investment scam and money laundering network. Prosecutors accuse them of using approximately 45 shell companies and 140 business bank accounts between 2020 and 2022 to help transfer at least $43 million in criminal proceeds to accounts in China.