3 L.A.-Area Residents Found Guilty Of Scamming Seniors Into Buying $2.5 Million In Target Gift Cards
Three Los Angeles-area residents were found guilty of laundering more than $2.5 million from older adults by scamming them into buying Target gift cards, according to authorities. Blade Bai, 35, of El Monte; Bowen Hu, 28, of Hacienda Heights and Tairan Shi, 29, of Diamond Bar were found guilty by a jury Tuesday of one count of conspiracy to commit money laundering after a 10-day trial, according to a U.S. attorney’s office news release. Bai was also found guilty of an additional count of conspiring to commit money laundering, which prosecutors said he committed after he was already freed in the initial case. Bai has been in custody since February 2022 and Hu and Shi were remanded into custody after the verdict. A sentencing hearing is scheduled for Jan. 26, when the three face a statutory maximum sentence of 20 years in prison for each money laundering conspiracy count. The gift cards were distributed to “runners,” who went to Target stores in L.A. and Orange counties to buy electronics and other items, according to the release, which does not specify the number of older victims. In September 2022, one of the runners, Yan Fu, 60, of Chino Hills, pleaded guilty to one count of conspiracy to commit money laundering. He was ordered to pay $48,073 in restitution.
Los Angeles Times
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