"In court, Li’s defense did not deny any of that. They admitted that the chips he had in his possession upon his arrest were counterfeit. They admitted that Li had exchanged or attempted to exchange more than $100,000 for chips that have an actual value totaling $0. However, Li’s lawyers stated that he was not guilty of fraud because he didn’t know the chips were counterfeit. Li told jurors that he had found a bag of chips in a trash bag by the side of the road. The jury considered that a reasonable doubt and acquitted him on the fraud charge."