Tianshui Court Hears Case Involving Laundering of Proceeds from Virtual Currency: Defendant Sentenced to Two Years and Four Months for "Courier Cash Withdrawals"

Odaily According to a report, the Qinzhou District People's Court in Tianshui, Gansu recently heard a criminal case involving assisting others in withdrawing cash packages related to virtual currency. The defendant, through a "high-paying courier" side job, knowingly withdrew cash totaling over 390,000 yuan in surveillance blind spots multiple times within 7 days from proceeds obtained through fraud. The defendant then converted the funds into virtual currency and transferred them to a superior, profiting 21,500 yuan from the activity. The court found the defendant guilty of the crime of concealing or disguising the proceeds of crime and sentenced them to two years and four months imprisonment, along with a fine of 10,000 yuan. The defendant was also ordered to surrender the illegal gains.

The judge warned that offline cash withdrawals have become a key link in "laundering" proceeds from telecom fraud. Activities such as "courier cash withdrawals" and "high daily pay" are often part of the fraud chain. The public should be vigilant against actions like receiving cash on behalf of others, making transfers, or assisting in fund transfers to avoid becoming accomplices to crime. (WeChat Official Account of the Qinzhou District People's Court in Tianshui)