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Ryan Knudson

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1465 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

And over time, law enforcement began to take notice.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

How Julie and a team of investigators slowly built that case against Zhang is next.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

In cases that involve a vast criminal enterprise, such as money laundering, investigators have traditionally relied on a tried and true technique, wiretapping.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

But in the Fortune Runner case, wiretapping wasn't an option.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

That's because many Chinese money launderers rely on encrypted messaging apps like WeChat to do business.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

You can't get a wiretap on WeChat.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

So if you can't do a wiretap, you've got to do some legwork.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

If Julie and her team wanted to break up Zhang's alleged scheme for good, she says they needed to draw a direct line between his business and the cartel's.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

Then, in 2021, the investigators got a breakthrough when two money handlers were seen crossing the border.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

The photograph is grainy.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

It was in black and white.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

The kind of photo you can expect from security footage.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

It shows a car with one of Zhang's associates in the driver's seat.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

And next to him, in the passenger seat, there's another man, a money handler associated with one of the most powerful drug cartels in the world, the Sinaloa cartel.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

Were you surprised to see these two people together?

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

The grainy photo energized investigators.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

From there, the agents began collecting more evidence of how the cartel's drug trafficking fed into Zhang's banking network.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

Field agents saw Zhang's associates make trips to houses across the L.A.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

area, and to banks, too.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

This brings us back to where we started the story, in the spring of 2023, when agents followed Jiayang Yu in that white Range Rover to a Chase Bank in Artesia,