Justice Dept.: 3 Individuals Convicted for Laundering Money Stolen From Scam Victims Through Gift Cards
September 29, 2023
September 29, 2023
WASHINGTON, Sept. 29 -- The U.S. Department of Justice issued the following news release on Sept. 28, 2023:
A jury in Los Angeles convicted three individuals for their roles in laundering proceeds of large-scale consumer fraud schemes through gift card transactions. Blade Bai, Bowen Hu and Tairan Shi were convicted of conspiracy to launder proceeds of wire fraud. Bai was also convicted of a separate money laundering conspiracy count.
As part of the scheme, fraudsters en . . .
A jury in Los Angeles convicted three individuals for their roles in laundering proceeds of large-scale consumer fraud schemes through gift card transactions. Blade Bai, Bowen Hu and Tairan Shi were convicted of conspiracy to launder proceeds of wire fraud. Bai was also convicted of a separate money laundering conspiracy count.
As part of the scheme, fraudsters en . . .