Using virtual currency to launder money? You can still be arrested even if you change your "vest"! (From Coinsradar.net)
Recently, the police officers of the Anti-Fraud Center of the Shangdang Branch of the Changzhi Public Security Bureau discovered during their work that a professional money laundering gang traveled to many places to launder the stolen money from telecommunications fraud through virtual currency transactions, and found multiple cardholders to provide transfers, money laundering, and cash withdrawal, involving many victims.
After in-depth research and judgment, the police found that this money laundering criminal gang has the characteristics of high concealment and strong professionalism in the process of transferring fraudulent funds, and the whereabouts of the gang members are uncertain, and they travel to many places to withdraw cash, which is extremely harmful to society. In order to destroy it as soon as possible, with the assistance of the Anti-Fraud Center of the Changzhi Public Security Bureau, the Shangdang police mobilized elite police forces to go to many places to track and squat, and arrested all 11 criminal suspects.
After investigation, this money laundering criminal gang has a clear division of labor and a clear structure. The gang members include "card receivers U acceptors", "card heads", "card citizens", etc. According to the instructions of the fraudster, the criminal gang first used the fraudulent funds to buy USDT coins (U coins for short) at a low price, then contacted buyers on an online trading platform, and then sold the U coins at a price higher than the market price to earn the difference. After verification, the criminal gang withdrew and transferred more than 2 million yuan of fraudulent funds.
At present, criminal compulsory measures have been taken against 11 suspects in accordance with the law, and the case is under further investigation.