Investigation Into Suspected Money Laundering Operation In Edmond

A sophisticated suspected money laundering operation was brought down in one of the metro’s most affluent neighborhoods.

In November, federal agents raided a home in Edmond’s Oak Tree neighborhood.

According to documents, the house was under surveillance for more than a year.

On November 8, more than a dozen undercover vehicles lined the street outside the estimated $1.1 million home.

Federal agents stormed the house, armed with a search and arrest warrants.

Neighbors captured a video of two women standing outside in handcuffs.

According to recently unsealed court filings, Yuan Yuan Luo, 29, her husband Liang Wu, and co-defendant Yan Bing Wu were living in the home, and are all charged with multiple crimes including money laundering.

According to records, a criminal investigation into the trio's activities began in Colorado in April 2021.

Records also revealed a confidential source told Denver DEA agents that Luo and her husband were both involved in the marijuana industry and were “in search of someone who could launder funds derived from marijuana sales."

On at least five separate occasions, while secretly working with the DEA, court filings showed the informant, was ordered by Luo to shuffle nearly $500,000 between Colorado and Oklahoma. The cash was deposited into various bank accounts and used to purchase cashier’s checks made payable to various people.

Inside the marble-clad home, nestled on a golf course, federal filings said law enforcement found numerous bank cards from both American and Chinese banks, numerous sales receipts for marijuana transactions between multiple grows, a drug ledger outlining different marijuana strains being sold, and approximately $71,000 in receipts for marijuana grow equipment.

Investigators also seized nearly a dozen cellphones they believed could help lead them to suppliers, transporters and purchasers of illegal narcotics.

Five people are federally charged, their trial was scheduled for this week, but was moved to March.