Two people were arrested after law enforcement said they orchestrated a scheme that involved more than $73 million being laundered through U.S. financial institutions and eventually converted to Tether. 

Daren Li, 41, was arrested on April 12 at Atlanta's airport and Yicheng Zhang, 38, was arrested on Thursday in Los Angeles for their alleged involvement, the Justice Department said in a statement on Friday. An indictment charging the two was unsealed in a California court on Thursday.  

Li, Zhang and others allegedly controlled an "international syndicate" that laundered funds made through "pig butchering" crypto investment scams, according to the statement. Pig butchering scams involve scammers gaining victims' trust, convincing them to give them large amounts of money …