Guangdong Kaiping cracks down on virtual currency "money laundering" case: over 2 million yuan involved in fraud, 19 people sentenced

According to the disclosure by the WeChat public account of the Internet Information Office of Jiangmen, the Kaiping City Procuratorate is handling a "money laundering" case involving virtual currency. The criminal gang received funds from telecom network fraud and other criminal proceeds, which were then arranged to be withdrawn from the bank and exchanged for virtual currency to be transferred to upstream fraudsters. In just two months, the amount of fraud-related funds transferred exceeded 2 million yuan.

Currently, 19 individuals involved in the case have been sentenced by the Kaiping City Court for the crime of concealing and disguising criminal proceeds.