According to ChainCatcher news, the Taiyuan City Wanbailin District Procuratorate recently successfully handled a case of disguising and concealing criminal proceeds using virtual money. Criminal suspects Chen and Li assisted fraudsters in transferring 1.47 million yuan in cash through the method of “cash → USD → USD” to move the criminal proceeds. The court adopted the sentencing recommendations from the procuratorial agency, sentencing the two individuals to two years and six months and one year and six months in prison, respectively, and imposing fines. This case reveals a new type of criminal method of “investment eyewash + virtual money Money Laundering.” The prosecution has joined relevant units to carry out anti-fraud publicity, reminding the public to be vigilant against such highly concealed cross-border fund transfer crimes.
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