A Chinese national and ringleader of a $27 million money laundering operation that targeted around 2,000 elderly Americans was sentenced to 12 years and 7 months in prison by a federal court on Friday, according to a statement from the Department of Justice (DOJ).
Zhao Wang, aka “Oscar,” and four other defendants “operated a series of technical support, bank impersonation and government impersonation, and refund scams targeting elderly victims,” the DOJ said on May 8.
