CoinVoice has recently learned that, according to information from China National Radio, the Economic Investigation Team of the Public Security Bureau of Tie Dong District, Siping City, Jilin Province, successfully cracked a money laundering case involving the use of virtual currency USDT to help financial fraud criminals transfer stolen funds during the investigation of a financial fraud case by sorting out the flow of funds and digging deep into clues. The criminal gang had clear divisions of labor and used various means to evade investigation during the commission of the crime.
After investigation: The criminal suspect Liu, in collusion with Zhao, Wang and others, from December 2023 to May 2024, knowing that the buyers' funds were proceeds from financial fraud, deceived others into providing their bank accounts under the pretense of helping others obtain loans. Subsequently, Liu used the deceived bank accounts to receive funds obtained from financial fraud, then instructed the parties involved to withdraw cash from the bank and hand it all over to Liu, who then transferred it to Zhao and Wang, who deposited the cash into their respective bank accounts. The two helped the financial fraud gang launder money by buying low and selling high on the 'Huobi' platform, profiting from it, with the gang accumulating more than 100,000 yuan in laundered profits.
Currently, members of the money laundering criminal gang have been subjected to criminal coercive measures by public security organs, and the case is under further investigation. [Original link]