Jun Wang, Money Laundering, New York 2026

Jun Wang, a 63-year-old Chinese national and lawful permanent resident of the United States, has been found guilty of participating in a money laundering conspiracy following a bench trial in federal court in Albany, New York.

The 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.

According to the evidence, Wang received the gift card information electronically from co-conspirators overseas and 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.

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. He also 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.”

First Assistant U.S. Attorney John A. Sarcone stated, “Wang was a knowing and essential player in a calculated, international scheme that preyed on victims, including the elderly, throughout the United States. We will tirelessly pursue and hold accountable individuals involved in every level of these fraud schemes.”

Wang will be sentenced on June 16, 2026, by United States District Judge Mae A. D’Agostino, who presided over the bench trial and rendered the guilty verdict in a 20-page decision. The charge of conviction against Wang carries a maximum sentence of 20 years in prison, a fine of up to $500,000, and a term of supervised release of up to 3 years.

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