Internet company user manager accepted bribes and embezzled virtual currency to cash out nearly 10 million yuan and was sentenced to 12 years in prison

According to Mars Finance News, on May 19th, the Haidian Court, in conjunction with the China Internet Association, released the "White Paper on Corruption Cases of Internal Personnel in Internet Enterprises" and published typical cases. In one case, a user manager of a network technology company introduced a virtual currency business with a supplier, accepted bribes, and embezzled virtual currency for cash, ultimately being sentenced by the court for bribery to nine years in prison and for embezzlement to six years, with a final execution of twelve years in prison. From April 2014 to January 2019, the defendant Shi Moumou served as a user manager in the basic business product department of a network technology company, responsible for forum product design, customer demand mining, and project promotion. During this period, the defendant used his official position to introduce a Beijing technology company to collaborate on virtual currency rewards and illegally received 6.08 million yuan from the company. Additionally, from June to December 2016, the defendant used his official position in the virtual currency business between the victim company and a Beijing technology company, converting virtual currency into cash through multiple forum accounts and transferring it to his personal bank account, illegally occupying 3.66 million yuan from the victim company. On February 17, 2021, the defendant was arrested by the public security authorities. The court determined that the defendant, as a company employee, used his official position to illegally receive others' property and seek benefits for others, with a substantial amount, constituting the crime of bribery by a non-state employee. He also used his official position to illegally occupy the company's property, constituting embezzlement. The court sentenced him to nine years for bribery and six years for embezzlement, with a final execution of twelve years in prison. After the verdict, the defendant appealed, but the second-instance court rejected the appeal and maintained the original judgment. The verdict is now effective. The judge analyzed that the defendant's corruption covered the entire process of virtual currency development, operation, and realization in an internet company, from project design to demand definition, supplier introduction, and product implementation, ultimately leading to bribery and direct embezzlement of virtual currency. The defendant maximized the "monetization" of his power, with a massive amount of corruption, making it the longest-sentenced internet enterprise internal corruption case in the past five years. The electronic business process, digitalized management permissions, virtualized property embezzlement, and complex payment chains made the criminal behavior difficult to detect. From the occurrence of the act to the defendant's arrest, approximately 6 years and 10 months passed, with the case finally surfacing due to an anonymous report to the company. The case involves the review and application of electronic evidence, the improvement of virtual transaction evidence chains, and the determination of crime amounts related to virtual property, representing the concealed nature of corruption by internet enterprise internal personnel and the virtualization of illegal interests.