Odaily Planet Daily reported that the official account of the Higher People's Court of Jilin Province disclosed that the Longjing City People's Court of Jilin Province recently tried a case of concealing and hiding the proceeds of crime. Four defendants bought gold for upstream telecommunications network fraud personnel, sold it for cash, and transferred virtual currency through illegal virtual currency platforms to help them launder the stolen money. It is reported that the defendants' transaction amount reached more than RMB 789,000, of which more than RMB 452,000 was verified to be involved in fraud. In the end, the court sentenced the defendants to fixed-term imprisonment ranging from two years to one year and fined them between RMB 10,000 and RMB 20,000.
