September 10, 2013, Los Angeles — Approximately 1,000 law enforcement officials fanned out across the Fashion District in downtown Los Angeles to execute dozens of search warrants and arrest warrants linked to businesses suspected of using “Black Market Peso Exchange” schemes to launder narcotics proceeds for international drug cartels.
Authorities arrested nine defendants and seized what was estimated to be at least $65 million USD in cash and from bank accounts around the world in relation to asset forfeiture actions filed as part of the ongoing investigations.
Three members of a Temple City family — Xilin Chen, 55; Chuang Feng Chen (aka “Tom”), 24, who is Xilin Chen’s son; and Aixia Chen, 28, who is Xilin Chen’s daughter — were charged with conspiring to launder monetary instruments, money laundering, and various immigration offenses for their roles in running various businesses in the Fashion District that were used in BMPE schemes.
Xilin Chen faced a statutory maximum sentence of 100 years in federal prison, Chuang Chen up to 40 years, and Aixia Chen to as much as 80 years. (1)
Xilin Chen plead guilty and received a 130-month Federal prison sentence and a $10 million USD fine.
On September 19, 2014, Xilin Chen BOP Register Number 68152-112 was successfully treaty transferred back to Hong Kong. (2)