Four Indicted in Target Gift Card Fraud
Four local residents allegedly laundered more than $2.5 million in gift cards
October 7, 2021
By Jack Simon
A federal grand jury in Los Angeles has indicted four Southland residents in connection with an alleged fraud scheme that induced people into purchasing thousands of Target gift cards, which were then used at stores in Los Angeles and Orange counties to purchase electronics and other goods.
The indictment, unsealed on Tuesday, charges U.S. citizen Blade Bai, 33, of El Monte; and Chinese nationals Bowen Hu, 26, of Hacienda Heights; Tairan Shi, 27, of Diamond Bar; and Yan Fu, 58, of Chino Hills, with conspiring to launder proceeds that were stored on fraudulently-obtained Target...