India, Dec. 27 -- From 2016 to 2018, Haiping Pan schemed with others to launder up to $3 million per month in drug proceeds using secretive money pickups in Chicago, New York, Los Angeles, and other parts of the United States, followed by a series of currency swaps between the United States and China, and China and Mexico, read a statement issued by HSI.

The illicit proceeds ultimately were remitted to the traffickers in Mexico.

During the conspiracy, Pan and his co-conspirators completed an average of one to two pickups per week, with the amounts ranging from $150,000 to $1 million per pickup.

In total, Pan knowingly participated in the laundering and attempted laundering of approximately $62 million in drug proceeds.

"The sentencing...