A lawyer friend of mine told me: In this week alone, there have been more than a dozen consultations on cases of people being arrested for buying and selling U with cash. The common point is that they all drove to other places to trade U in cash and paid for it without using credit cards. Some were arrested by public security organs on the spot halfway through the transaction, and even the drivers were arrested. Some were arrested by public security organs in other places two weeks later, and some were taken away and detained again by public security organs in another place just after they were released on bail.
It's all because the cash is not clean, and the funds from the online fraud are involved in telecommunications network fraud cases, and finally the case is traced back to the buyers and sellers of U. When you buy and sell U offline with cash, it is easy to encounter a queue of people on the first and second lanes, and when the transaction amount is hundreds of thousands per order, it is easy to be suspected of online fraud and money laundering. What awaits you is 37 days of criminal detention, and you may be released on bail or arrested later. It all depends on whether your transaction pattern can be inferred that you subjectively knew that it was a fraud.
This year, there are more and more cases of buying and selling U in cash. There are obviously more arrests of regional name oil/U merchants. Have you encountered them? For example, Shanghai Youshang, Qingdao Youshang, Yiwu Ushang, Chaoshan Youshang, Chongqing Youshang, etc. It is a name plus a name, or a business of cash buying and selling USDT under the name of a region plus Youshang.
The regional name plus U merchant is that you and the other party agree on a place to trade at home, the other party pays cash, and then you transfer the transaction. A few days later, the uncle suddenly comes to your door, takes you to another place to take a statement, and directly tells you that the source of the funds received is online fraud funds, involving fraud and money laundering, and you will be criminally detained. The detention form states that it is fraud or concealment.
The regional U merchants do not audit the other party at all during the transaction process. They adhere to the principle of "do it if there is an order and make a profit if there is a profit". As long as they are sure that the other party has received the U, the transaction is complete. However, the whole process is a few cents for some and a few dimes for others. The chat records only contain simple transaction information such as price, quantity, transaction location, etc., and they do not ask the other party about the purpose of buying. The cash of regional U merchants is generally the money of the victims of fraud. If you find these U merchants to withdraw or deposit money, you will most likely receive these fraudulent funds. Such uncles will generally suspect you of fraud and money laundering when they find you and the U merchants. Once it is presumed that you are subjectively aware of the cash transaction, they tend to determine that it is a crime of concealment. The amount of cash transactions is relatively large, ranging from hundreds of thousands, which is a crime of concealment. The circumstances are serious and the sentence is 3 to 7 years.
So at the end of the article, I would like to remind you to stay away from people who engage in offline cash transactions.
