A shocking report has revealed a staggering $92 million money laundering scheme that allegedly involved three of the largest banks in the United States. According to court documents, a group of individuals accused of drug trafficking and money laundering deposited large sums of illicit funds into accounts at JPMorgan Chase, Bank of America, and Wells Fargo.

The alleged mastermind behind the scheme, 37-year-old Enhua Fang, is accused of leading a drug money laundering cell that deposited a total of $17 million in cash at banks across the country. Prosecutors claim that Fang's associates made over 100 cash deposits worth $17 million at banks from California to Virginia. The funds were then deposited into accounts at the three major banks, according to court documents.

Fang was arrested in Oregon in April and is accused of being the main contact for Mexican drug trafficking groups. She allegedly deposited illicit funds into bank accounts across 20 states, including California, Florida, Illinois, and Texas. The Justice Department has indicted Fang and her co-conspirators, but the banks involved have remained tight-lipped about the allegations. Wells Fargo and Bank of America have declined to comment, while JPMorgan Chase has not responded to requests for a statement.

This massive money laundering scheme has raised questions about the effectiveness of anti-money laundering measures in place at US banks. The fact that such a large sum of illicit funds was able to be deposited into accounts at major banks without detection has sparked concerns about the vulnerability of the financial system to criminal activity.

In conclusion, this shocking report highlights the need for increased vigilance in the detection and prevention of money laundering schemes. The fact that top US banks were implicated in this scheme serves as a stark reminder of the importance of robust anti-money laundering measures. As the financial landscape continues to evolve, it is essential that banks and financial institutions prioritize the detection and prevention of criminal activity to prevent such schemes from occurring in the future.