Trio From Los Angeles County Convicted of Money Laundering Using Gift Cards

Trio From Los Angeles County Convicted of Money Laundering Using Gift Cards
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LOS ANGELES—Three Los Angeles County residents were found guilty on Sept. 26 of scheming to launder the proceeds of scams targeting older adults and other victims who were conned into buying Target gift cards, supposedly to resolve various financial problems.

At the conclusion of a 10-day trial, a jury convicted Blade Bai, 35, of El Monte, Bowen Hu, 28, of Hacienda Heights, and Tairan Shi, 29, of Diamond Bar, of one federal count of conspiracy to commit money laundering, according to the U.S. Attorney’s Office.

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