Mianyang police have cracked a virtual currency money laundering and fraud case involving more than 30 million yuan

According to ChainCatcher news and Sichuan News Network, the Public Security Bureau of Mianyang City, Youxian District recently cracked a major telecommunication network fraud money laundering case supervised by the Ministry of Public Security. They successfully dismantled a domestic telecommunication fraud money laundering gang of nearly a hundred people directly controlled by an overseas fraud den, apprehending more than 90 criminal suspects, destroying 3 dens, seizing over 80 mobile phones used in the crimes, 3 vehicles, more than 100 involved bank cards, and verifying over 30 million yuan in involved funds.

Investigations revealed that this team had a close "cooperative relationship" with overseas order-scam fraud dens. Hu was mainly responsible for connecting and receiving money laundering business; Zhong was responsible for organizing and directing "team members" for card recruitment, cash withdrawal, and repayment operations; Liu transferred the involved fraudulent funds to overseas merchants by purchasing virtual currency. Currently, the relevant criminal suspects have been subjected to criminal coercive measures by the public security organs, and the case is still under further investigation.