Zhao Wang (aka “Oscar”) pleaded guilty to participating in a multinational fraud and money‑laundering conspiracy that used technical‑support, bank‑impersonation and refund scams to target roughly 2,000 elderly victims across the United States, causing about $27 million in losses. The plea, entered Jan. 15, 2026, describes call‑center and social‑engineering tactics routed through India‑based call centers and is part of a multi‑defendant indictment unsealed in 2024.

Federal prosecutors say Zhao Wang operated within a multinational conspiracy that deployed call centers, social‑engineering scripts and bank‑impersonation techniques to defraud senior citizens across many U.S. states. According to the plea, victims received fraudulent technical‑support and refund calls that induced them to transfer funds or provide access to accounts; investigators attribute roughly $27 million in aggregate losses to the scheme and estimate about 2,000 elderly victims were targeted. The recorded plea and accompanying documents detail coordination through India‑based call centers and an international money‑laundering network that moved proceeds across accounts and jurisdictions. Wang’s plea follows a multi‑defendant indictment unsealed in 2024 and is part of broader enforcement efforts by the U.S. Attorney’s Office to disrupt transnational fraud rings that exploit aging populations using social‑engineering and impersonation. The U.S. Department of Justice press release was issued Jan. 15, 2026, and indicates further prosecutions and forfeiture actions may follow as investigations continue.