Sentencing | Buying and selling virtual currency is fake, but transferring the stolen money is real!

Will simply buying and selling virtual currency also constitute a crime? If the source of the transaction funds is the proceeds of crime, and the trader knows the source of the funds, then the transaction may constitute a crime.

Recently, the People's Court of Tongzhou District, Nantong City, publicly tried such a case of concealing and concealing the proceeds of crime in the court of Tongzhou Detention Center.

After investigation and investigation in accordance with the law, it was found that the defendants Wang Moufu, Wang Moubiao and Wang Mouping (all handled in separate cases) discussed the sale and purchase of USDT virtual currency through a certain platform, and agreed that Wang Moufu and Wang Mouping would jointly invest 250,000 yuan and Wang Moubiao would invest 110,000 yuan, and they would operate their respective accounts for transactions, and the profits would be divided equally among the three.

The so-called virtual currency trading is actually a means for Wang Moufu and others to transfer fraudulent funds for fraudsters. The fraudsters used the stolen money to buy virtual currency from Wang Moufu and others, thereby achieving the purpose of money laundering, and Wang Moufu and others made a profit from the price difference.

From July to November 2023, the defendant Wang Moufu provided multiple WeChat accounts to collect virtual currency transaction funds, and transferred fraudulent funds for fraudsters through virtual currency on-site and off-site transactions on a certain platform, totaling more than RMB 380,000, from which he illegally profited more than RMB 12,000.

In court, the defendant Wang Moufu confessed that when he conducted the first virtual currency transaction, he found that the other party's funds came from fraud, and reminded his accomplice Wang Moubiao, but Wang Moubiao said that as a merchant, they were simply conducting transactions to earn the difference. The public prosecutor prosecuted Wang Moufu for concealing and concealing the proceeds of crime. #内容挖矿 #BNB