Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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The content provided is in Chinese language. It seems to be a sentence about a man being sentenced and fined for using a borrowed bank card to purchase virtual currency and making a profit of 147.1 yuan. I'll translate it into English for you. The man wa

2023-08-14 08:54
Odaily news According to the Fuzhou Evening News, a man named Chen used his bank card to buy and sell virtual U coins and earn commissions. Recently, the Ma Wei District Procuratorate of Fuzhou City, Fujian Province, filed a public prosecution against Chen for the crime of concealing and concealing criminal proceeds.



It is reported that in February last year, Chen received a call from Lin, who guided him to download a chat software. Chen sent the two bank cards under his name to the chat group as requested. Soon, the two bank cards received 7 transfers, generating a bank flow of 99,609 yuan. Afterwards, Chen continued to follow Lin's instructions and transferred the money in the cards to his Alipay and WeChat accounts, and then transferred them to his third bank card. Finally, Chen purchased virtual U coins worth 94,988 yuan from the seller and sent the transaction screenshot to the chat group to complete the transaction, earning a commission of 147.1 yuan.



The court sentenced Chen to 9 months in prison, with a probation of 1 year and a fine of 5,000 yuan. The prosecutor said: The fraud gang used virtual currency to transfer and whitewash stolen funds. This act of using the purchase of virtual currency as a pretext for online money laundering, knowing that others are committing crimes through the Internet and providing assistance to them, has violated the law.