Recently, Yongchang Court sentenced two cases involving cyber fraud and sentenced ten defendants to fixed-term imprisonment ranging from ten months to one year for the crime of assisting in information network criminal activities. The court actually recovered more than 1.19 million yuan in illegal gains.
Since 2022, in order to make illegal profits, Shen raised funds to purchase computers, Internet of Things cards and other equipment, lured Li, Chen and four others to join, and recruited more than ten people to rent houses in Hefei, Anhui and other places to set up USDT (Tether) trading studios, and formed illegal over-the-counter trading groups through Telegram software, charging low and selling high to make profits.
During this period, the five people took risks repeatedly, knowing that the U coins they received came from online gambling, telecommunications fraud and other black and gray industries, but they still helped the fraud criminals to make payments and settle accounts between Tether and RMB at a "high exchange rate". At the same time, Shen also contacted the downstream "currency dealer" Li and others to settle payments through Alipay, WeChat transfer, cash deposit and other methods according to the payment methods specified by the upstream criminals.
As of the time of the incident, the defendants involved in the case had made a total profit of more than 880,000 yuan, including more than 5.9 million yuan in funds defrauded from more than 10 victims including Meng Mou, a resident of Chengguan Town, Yongchang County, when they participated in virtual currency investment and online order brushing. All the funds were transferred to an account related to Tether transactions used by Shen Moumou and others.
The court held that, according to the relevant documents jointly issued by the People's Bank of China and nine other departments on preventing and dealing with virtual currency transactions, it is clearly defined that virtual currency does not have the same legal status as legal tender, and its related business activities are illegal financial activities.
In this case, the behavior of Shen Moumou and others who used virtual currency transactions to help telecom network fraud perpetrators transfer funds has deviated from simple virtual currency business operations. Such behavior should be included in the key links of the entire chain to combat telecom network fraud and other illegal and criminal activities, and the criminals involved should be punished.
At the same time, the court's ruling took into account both "attacking financially and cutting off blood flow" and recovering stolen money and losses. It actually recovered more than 880,000 yuan in illegal profits, confiscated more than 310,000 yuan in illegal gains, and confiscated 10 computers used as tools for committing crimes, in order to completely cut off the profit chain of crimes related to telecommunications fraud and destroy its economic foundation and "blood-making" function.
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