[Zhejiang Legal News] She Made More Than 200,000 Yuan From Buying And Selling Virtual Currencies And Became A Money Laundering Tool

The virtual currency on the "Ti Teng" platform has made profits of more than 200,000 yuan in just 4 months. What kind of tricks are hidden in such a high-paying job? Recently, after the Procuratorate of Shangyu District, Shaoxing City launched a public prosecution, the court sentenced Bao to 2 years and 8 months in prison and fined him 40,000 yuan for the crime of aiding information network criminal activities and obstructing credit card management.

One day at the end of 2019, Bao received a strange phone call. The other party claimed to be the founder of a virtual currency trading platform and had a "making money" project.

The other party stated that platform registration requires real-name authentication. Not only can you buy and sell virtual currencies to earn the price difference, but you can also "move bricks" of virtual currencies. Seeing that Bao didn't understand, the other party explained: "To put it simply, it is to transfer virtual currency between multiple virtual currency trading platforms through transactions and earn transaction commissions. Regardless of profit or loss, you can get one thousand percent of the transaction amount." 2. Commission is credited.”

A Bao stayed at home to take care of her baby full time and had no income, so she wanted to give it a try. So, she searched online and downloaded this virtual currency trading platform.

After testing the water, Bao found that the operation was not difficult. She first purchased virtual coins on the platform, and the platform would return two thousandths of the purchase amount as a commission to the bank account filled in by Bao Bao when registering; when the number of virtual coins increases, Bao then sells them and obtains the purchase and sale price difference and commission. .

After that, in order to earn more commissions, Bao even borrowed money from lending platforms for transactions, and borrowed more than 70 bank cards from relatives and friends, including mobile phones, Alipay, USB shields, POS machines, etc.

In the process, Bao found that money was coming in fast and plentiful, so he searched for relevant news and found that he was probably doing something illegal, but in the face of huge interests, he still could not stop it.

In April 2020, a victim in Shangyu District reported that he had been cheated. After investigation, it was found that all the defrauded money went into Bao's account. Facts have proven that most of the funds for the above-mentioned virtual currency trading platforms come from stolen money obtained from fraud. The so-called "commission" and "price difference" are all illegal gains obtained by the platform from defrauding others. The platform uses "scammers" such as Bao to launder money. Currently, the police are further investigating the case.

From the time he started trying until he was caught, Mr. Bao’s transaction volume on the platform reached more than 40 million yuan, with a profit of more than 200,000 yuan.

标签： #Virtual #Commission #Currency #Trading #Scam