Shandong Linyi has cracked a case of money laundering involving the purchase of virtual currency, with a value of over 2 million yuan

ChainCatcher news, the Public Security Bureau of Linyi County, Shandong Province successfully dismantled a criminal gang that used a "money-running team" to launder money for overseas scammers through the purchase of virtual currency, arresting 6 suspects involved in illegal activities, with a case value of over 2 million yuan.

The Linyi County Public Security Bureau received a tip-off: a bank card under the name of Ma was involved in online fraud activities. After meticulous investigation, the police discovered that Ma used his own bank card to receive criminal funds and repeatedly withdrew cash at bank counters and ATMs to transfer the criminal funds. At the same time, Ma also introduced "card farmers" Wang and Liu to provide cards and withdraw cash. The police arrested Ma and the other two, and during interrogation, a multi-person, clearly divided "money-running team" gang surfaced.

Through close cooperation among multiple police departments, the police successfully captured Ma's "upper-level" Zhao. Zhao truthfully confessed that he, along with Zhang and Yang, conspired to launder money for overseas scammers using the "card return to U" method. Ultimately, the police arrested Zhang, a key member of the gang, in Tianjin.

Thus, a "money-running team" gang that had a complex and hidden funding channel, utilizing "card farmers" and other low-income groups to withdraw cash at bank counters and ATMs, transferring fraud-related funds through "small amounts and multiple transactions" and "card return to U" methods was completely dismantled. Currently, the 6 individuals involved have been subjected to criminal coercive measures according to the law, and the case is under further investigation. (Dazhong Daily)