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ME News Gallery | AppLovin Becomes the Ultimate "Money Laundering Machine" for the Crown Prince Group
AppLovin (Nasdaq: APP) has been accused of being a transnational money laundering conduit. Core shareholder Tang Hao and others allegedly injected 253.5 billion yuan of illegal fundraising funds from TuanLaiWang and Southeast Asia's "pig-butchering" scams into the company through complex channels.
Investigations reveal that AppLovin concealed the existence of its Chinese operations, with 15