Arrest Made in Cross-State Elderly Fraud Scheme

The case, led by the Sacramento Police Department’s Financial Crimes Unit, revealed that Siqinaode is the primary suspect in a scheme defrauding seven elderly victims of substantial amounts of money. Investigations have shown that Siqinaode managed to transfer the stolen funds overseas to the China Merchants Bank through large cash deposits.

Legal actions against Siqinaode include a felony arrest warrant issued by Sacramento County on January 9, 2024, for charges related to felony fraud/theft under section 487(A)PC. With the collaboration of detectives from both Sacramento and Ontario, as well as the U.S. Marshals, Siqinaode was detained in Ontario, California, on February 6, 2024. Following his arrest, he was extradited to Sacramento and is currently held at the Sacramento County Main Jail.

The Financial Crimes Unit of the Sacramento Police Department anticipates identifying further victims as the investigation continues. They urge anyone who believes they might have fallen prey to Siqinaode’s scheme, or who possesses information that could aid the investigation, to contact the Sacramento Police Department dispatch center at (916) 808-5471 or Sacramento Valley Crime Stoppers at (916) 443-HELP (4357). Informants have the option to remain anonymous and may qualify for a reward of up to $1,000. Additionally, tips can be submitted anonymously via the “P3 Tips” smartphone app.