Two Americans of Korean extraction were arrested by Federal authorities in New York, in connection with the illegal export, to China, of dual-use electronics components that are used in missile and nuclear technology. CHONG SIK YU a/k/a CHRIS YU and YUNSEO LEE sent the
restricted items through Hong Kong, as later, through South Korea, where they were illegally transshipped (re-exported) to the Peoples' Republic of China. The items they sent to china all have military applications.
The defendant were charged with:
(1) Money Laundering.
(2) Violation of the Export Control Reform Act of 2018.
(3) Wire fraud.
(4) Bank Fraud.
Readers who wish more details may review the Criminal Complaint here.