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09/30/2021

Federal grand jury indicts 4 SoCal defendants in scheme to launder Target gift cards purchased by fraud victims from across the US

ICE

LOS ANGELES – Special agents with Homeland Security Investigations (HSI) this morning arrested two people named in an indictment alleging a scheme to launder the proceeds of scams sent to fraudsters via Target gift cards.

Bowen Hu, 26, of Hacienda Heights, and Tairan Shi, 27, of Diamond Bar, both Chinese nationals, were taken into custody today and are expected to be arraigned this afternoon in U.S. District Court in downtown Los Angeles.

Two other defendants named in the indictment – Blade Bai, 33, of El Monte, a U.S. citizen, and Yan Fu, 58, of Chino Hills, also a Chinese national – will be summonsed to appear in federal court next month.

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