ChainCatcher reported that Jinchang Intermediate People's Court's official WeChat account article stated that recently, Yongchang Court in Gansu, China, sentenced two cases involving telecom fraud, sentencing ten defendants to fixed-term imprisonment ranging from ten months to one year for the crime of aiding information network criminal activities, and actually recovered more than 1.19 million yuan in illegal gains.
According to reports, since 2022, Shen Moumou has raised funds to purchase computers, IoT cards and other equipment for illegal profit, and lured four people including Li Mou and Chen Mou to join the gang. He also recruited more than ten people to rent houses in Hefei, Anhui and other places to set up USDT (Tether) trading studios, and set up illegal over-the-counter trading groups through Telegram software, collecting low and selling high to make profits. During this period, the five people repeatedly took risks, knowing that the U coins they received came from online gambling, telecommunications fraud and other black and gray industries, but still helped the fraud criminals to pay and settle between Tether and RMB at a "high exchange rate" price. At the same time, Shen Moumou also contacted the downstream "currency dealer" Li Moumou and others to settle payments through Alipay, WeChat transfers, and cash deposits according to the payment methods specified by the upstream criminals. As of the time of the incident, the defendants involved in the case had made a total profit of more than 880,000 yuan, including more than 5.9 million yuan in funds defrauded from more than 10 victims including Meng Mou, a resident of Chengguan Town, Yongchang County, when they participated in virtual currency investment and online order brushing. All the funds were transferred to an account related to Tether transactions used by Shen Moumou and others.
The court held that, in this case, the behavior of Shen and others using virtual currency transactions to help telecom fraud perpetrators transfer funds has deviated from simple virtual currency business operations. Such behavior should be included in the key links of the entire chain of combating telecom fraud crimes, and the criminals involved should be punished.
