U.S. Department of Justice

Three Individuals Convicted for Laundering Money Stolen from Scam Victims Through Gift Cards

Editor's note: This article doesn't directly relate to Shelby County; however, it does demonstrate the dangers to everyone and that fraudsters can imppact us all no matter where they may be.

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.

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