Slashdot: Crooks Behind $27M in 'Refund' Scams Busted By YouTube Pranksters After Being Lured to Fake Funeral
Crooks Behind $27M in 'Refund' Scams Busted By YouTube Pranksters After Being Lured to Fake Funeral Published on 2026-04-05T18:34:00Z One crime ring scammed 2,000 elderly people of more than $27 million between 2021 and 2023 using tech support/bank impersonation/refund scams. "Victims were in their 70s and 80s," reports the U.S. Attorney's office for California's southern district. Victims were first told they'd received a refund (either online or via phone), but then told they'd been "over-refunded" a massive amount, and asked to return that amount. But 42-year-old Jiandong Chen just admitted Thursday in a U.S. federal court that he was involved in the fraud and money laundering via cryptocurrency — pleading guilty to two charges with maximum penalties of 40 years in prison and a $1 million fine, plus 20 years in prison with a maximum fine of $500,000 or twice the amount laundered. "Chen, a Chinese national, is the second defendant ch...