Former Anchorage Resident Charged with Money Laundering Conspiracy
Anchorage, Alaska – U.S. Attorney Bryan Schroder announced today that Mitchell Zong, 45, a former Anchorage resident, has been charged in federal court with one count of conspiracy to commit money laundering.
According to the allegations in the Felony Information, between Sept. 8, 2013, and April 4, 2014, Mitchell Zong allegedly conspired with others to commit money laundering violations in excess of $10,000, with the funds being the result of violations of the International Emergency Economic Powers Act (IEEPA) and the Iranian Transaction and Sanctions Regulations (ITSR).
Mitchell Zong’s father, Kenneth Zong, is currently under indictment in the District of Alaska for similar violations of IEEPA, ITSR, and money laundering. Kenneth Zong is currently in custody in the Republic of South Korea for violations of Korean law.
The maximum penalty for conspiracy to commit money laundering is 20 years in prison, and a fine of $250,000. An arraignment date has not yet been set.
The FBI and IRS-Criminal Investigation conducted the investigation leading to the charges in this case. This case is being prosecuted by Deputy Criminal Chief Steven E. Skrocki.
An Information is only a charge and is not evidence of guilt. A defendant is presumed innocent and is entitled to a fair trial at which the government must prove guilt beyond a reasonable doubt.