https://undercoverist.org/chinese-national-jun-wang-charged-with-2-million-money-laundering-scheme/

Jun Wang, a 62-year-old Chinese national and permanent U.S. resident, has been indicted on charges of conspiracy to commit money laundering, according to the U.S. Attorney’s Office for the Northern District of New York. Wang, who has lived in Florida and Texas for most of the past 26 years, is accused of laundering over $2 million through gift card schemes.

The indictment alleges that between June 2019 and June 2021, Wang received gift cards obtained via wire fraud targeting victims across New York and beyond. Wang then used these fraudulently obtained gift cards at Walmart and Sam’s Club stores to purchase additional gift cards, thus concealing the origins of the stolen funds.

The money laundering charge carries a potential sentence of up to 20 years in federal prison and fines of up to twice the amount of the laundered funds, which could total up to $4 million. Wang was arrested at Los Angeles International Airport several weeks ago and has been detained pending trial, which is expected in 2025.

As the case progresses, the U.S. Attorney’s Office has emphasized that the charges are merely allegations, and Wang is entitled to a fair trial where he is presumed innocent until proven guilty.