Huawei charged with fraud and money laundering

It's only Monday, but the Department of Justice just came out swinging.

In a Jan. 28 afternoon press conference, law enforcement officials announced a series of charges against Chinese telecommunications firm Huawei ranging from fraud to money laundering. The charges follow the Dec. 1 arrest of Huawei CFO Wanzhou Meng, who faces the possibility of decades in jail.

"As charged in the indictment, Huawei and its Chief Financial Officer broke U.S. law and have engaged in a fraudulent financial scheme that is detrimental to the security of the United States," Homeland Security Secretary Kirstjen Nielsen said in a press release announcing the charges. "They willfully conducted millions of dollars in transactions that were in direct violation of the Iranian Transactions and Sanctions Regulations, and such behavior will not be tolerated." Read more...

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