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Chinese Man Pleads Guilty in $27 Million Elder Fraud Scheme

4/6/2026

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Summary

Story summary

Jiandong Chen, a 42-year-old Chinese man, pleaded guilty to a $27 million fraud scheme targeting over 2,000 elderly U.S. victims from 2021 to 2023.
The operation used fake tech support and bank impersonations to defraud victims.
The scheme moved funds via cryptocurrency and directed victims to send money across multiple states.
Chen was arrested in August 2024 during a nationwide enforcement effort and faces sentencing on June 26, 2026.

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Story summary

Jiandong Chen, a 42-year-old Chinese man, pleaded guilty to a $27 million fraud scheme targeting over 2,000 elderly U.S. victims from 2021 to 2023.
The operation used fake tech support and bank impersonations to defraud victims.
The scheme moved funds via cryptocurrency and directed victims to send money across multiple states.
Chen was arrested in August 2024 during a nationwide enforcement effort and faces sentencing on June 26, 2026.