Real-Estate Developer and Ex-Mayoral Aide Arrested on Federal Fraud and Money-Laundering Charges

com reported. Three additional unnamed individuals were arrested alongside them. com state that Zhu allegedly paid Carone a total of $120,000 in exchange for a contract to house migrants at Zhu's Queens hotel in 2022.

Zhu pleaded not guilty to the charges and was ordered to post an $8 million bond on Wednesday. Prosecutors described Zhu as a Chinese national with extensive foreign ties to a country that does not extradite to the United States, nypost.com reported.

Brookville Police officers removed long guns from Zhu's six-bedroom mansion in Glen Head, Long Island, during an early morning raid on Thursday. It was the second time this week law enforcement targeted the property. A spokesman for the U.S.

com that Zhu owns multiple guns and had to surrender them as a condition of his pre-trial release. Zhu donated $100,000 to the American Changle Association in 2018, which made up the bulk of the group's $136,000 in donations that year, according to public records.

In 2017, Zhu and his father donated $40,000 to the group when it was first registered with the IRS.

Nypost.com reported that the American Changle Association operated a Chinatown police station used to spy on dissidents originally from China. The group's president, Harry Lu Jianwang, was convicted last month of acting as a foreign agent for China in connection with the station. Zhu has long associated with Linda Sun, who was charged with working as an unregistered agent for China.

Zhu is president of Long Island City-based real estate development firm East Times Group. In 2017 he sold a Lower East Side development site on Delancey Street to a Wuhan-based real estate mogul for $29 million, according to reports cited by nypost.com.