Domestic operators of overseas pornographic websites and their money laundering network busted; defendants sentenced for using virtual currency to launder money

Odaily Planet Daily News The People's Court of Mingshan District, Ya'an City, Sichuan Province recently delivered a verdict in a cross-border cyber pornography case involving the use of virtual currency for money laundering.

According to the investigation, the overseas pornographic website Xiu Se Man Hua had a capital flow of over 12 million RMB. The domestic suspects Zhong Mouhong, Zhong Mou, and Zhong Moujie were responsible for the website's operation. After receiving the illicit funds, the defendant Tang Mouzhuan and his wife transferred the vast majority of the money to his brother-in-law, Li Mouwu. Li Mouwu's accounts received over 8.6 million RMB in illicit funds and converted a portion of it into virtual currency to remit overseas to the foreign financiers. The court has sentenced five defendants, including Zhong Mouhong, to fixed-term imprisonment ranging from one year and three months to two years and six months, or suspended sentences, and imposed fines ranging from 30,000 to 100,000 RMB. (Xinhua Daily)