Chinese National Sentenced to Prison for Money Laundering Conspiracy Involving $2.2 Million in Walmart Gift Cards

ALBANY, NEW YORK - Jun Wang, age 64, a Chinese national and lawful permanent resident of the United States, was sentenced to 70 months in federal prison following his trial conviction for participating in a money laundering conspiracy.

First Assistant United States Attorney John A. Sarcone III and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office for the Federal Bureau of Investigation (FBI), made the announcement. This case is part of the Department of Justice's Task Force to Eliminate Fraud.

Evidence presented during the bench trial in December 2025 proved that, between June 2019 and June 2021, Wang redeemed $2,285,039.81 in gift cards originally purchased by defrauded victims throughout the United States (including in the Northern District of New York). Wang, who received the gift card information electronically from co-conspirators overseas, used the fraud proceeds to buy other gift cards at Walmart and Sam's Club stores in Florida to disguise the source and nature of the funds. To try to evade detection and disguise the volume of his gift card redemptions, Wang often used different registers within the same store and frequently drove from store to store to redeem gift cards, sometimes visiting several Walmart stores on the same day. Wang often redeemed gift cards just hours, and sometimes minutes, after they were purchased by victims. Multiple victims testified at trial about the gift cards they purchased after being scammed online or over the phone. Although the trial evidence proved that Wang's role in the scheme was to redeem gift cards purchased by victims he never interacted with directly, he admitted to an FBI agent in a secretly recorded conversation that "[w]e all know" about the fraud, which is "[e]asy to know." In relation to one elderly victim, Wang explained on the recording, "[t]he only loser is the lady," and, "[o]ther than this lady, everybody's happy."

As part of his sentence, Wang was also ordered to pay a forfeiture money judgment of $2,285,039.81 and to pay restitution in the amount of $275,634.27 to identified victims. Following his release from imprisonment, Wang will serve 3 years of supervised release. Because his offense of conviction is an aggravated felony, Wang also faces deportation to China upon release from imprisonment.

"Mr. Wang preyed on vulnerable victims to enrich himself and his co-conspirators to the tune of $2,285,039.81, and on recoding boasted about defrauding senior citizens," First Assistant U.S. Attorney John A. Sarcone III stated. "My office is committed to aggressively pursuing all acts of fraud to protect the American people from defendants like Mr. Wang and ensure justice for the victims who were defrauded."

FBI Special Agent in Charge Craig L. Tremaroli stated, "Mr. Wang once joked that everyone was happy in his scheme and the only person who lost anything was his elderly victim. With this sentence, the tables have turned, and he has now lost his freedom. Fraud is one of the most pervasive threats facing our communities today, but the FBI is relentless in our mission to aggressively investigate and bring to justice anyone responsible for stealing from hardworking Americans."

FBI investigated the case, and Assistant U.S. Attorneys Michael F. Perry and Tamara B. Thomson prosecuted the case.

On April 7, 2026, the Department of Justice announced the creation of the National Fraud Enforcement Division ("Fraud Division"). The Fraud Division is laser-focused on investigating and prosecuting those who commit fraud against the American people. The Department's work to combat fraud supports President Trump's Task Force to Eliminate Fraud, a whole-of-government effort chaired by Vice President J.D. Vance to eliminate fraud, waste, and abuse within Federal benefit programs.

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