The Mianyang police cracked a case of wire fraud and money laundering involving more than 30 million yuan in the use of virtual currency to transfer funds
08/21 09:40
Yongxian District Branch of the Mianyang Public Security Bureau recently successfully cracked a telecommunications network fraud and money laundering case, successfully dismantling a domestic telecommunications fraud and money laundering gang of nearly 100 people controlled directly by an overseas fraud base, arresting more than 90 criminal suspects, smashing three dens, seizing more than 80 mobile phones used in the crime, three vehicles, more than 100 bank cards involved in the case, and investigating more than 30 million yuan of involved funds. The case is still under further investigation.
During the investigation of the case, the police found a professional criminal gang led by Hu and Liu, who had returned from overseas fraud bases, engaged in money laundering (whitewashing network telecommunications fraud funds) and profiting from it. The team has a close "cooperative relationship" with foreign brush fraud bases. Hu is mainly responsible for docking and receiving money laundering business; Zhong is responsible for organizing and commanding "fleet" members to recruit card farmers, withdraw money, and collect payments; Liu transfers the fraudulent funds to overseas merchants by purchasing virtual currency.
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