The Yuzhou Court sentenced a case of fraud involving the inducement of foreign nationals to purchase virtual currency, with the defendant receiving a three-year prison term and a fine of 20,000 yuan

According to ChainCatcher news and the official WeChat account of the Yuzhou Court, the Yuzhou People's Court publicly pronounced a verdict in a telecommunications network fraud case yesterday (December 27). The court found that the defendant, Wen, along with several accomplices, used fictitious identities to chat with foreign individuals. After gaining their trust, they induced them to purchase virtual currency to commit fraud. During this period, a total of 54,360 fraudulent messages were sent, and Wen illegally profited 2,400 yuan.

After comprehensively considering the facts, nature, circumstances, and social harm of Wen's crime, the court sentenced the defendant Wen to three years of imprisonment for fraud, along with a fine of 20,000 yuan. After the verdict was announced, Wen expressed his intention to appeal in court.