11 plead guilty in $65 million elder fraud and money laundering scheme

Eleven individuals pleaded guilty to a $65 million elder fraud and money laundering scheme targeting elderly victims in the U.S., with lead defendant Hua Wang orchestrating the scheme from 2019 to 2023. Scammers, primarily Chinese nationals in the U.S. illegally, collaborated with Indian call centers, using fake identities and social engineering to steal cash, which was sent via mail to short-term rental addresses.