Does money laundering have to be done in cash?
Telecom frauds make hundreds of millions of yuan a year. Did all the money go abroad in the end?
Actually, no, because money laundering is too simple. Many people talk about the model of the past few years. The scammers’ money laundering methods have been updated countless times.
First of all, most of the money that was defrauded stays in China. It is impossible to transfer it directly abroad. Otherwise, those who worship foreign things would probably run away. The money is generally laundered.
In the past, it was mainly transferred between many cards, and then withdrawn in cash, which was very simple.
Now there are restrictions on withdrawals, and the cards are blocked, so this money laundering model is almost gone.
Here is a particularly disgusting situation. Savings cards are blocked but credit cards are not, so some people have evil thoughts.
There are hundreds of payment companies in China. POS machines are casually operated. Nothing is reviewed and there is no supervision. Money is deposited into the credit card and swiped out immediately.
For example, when cooperating with merchants, as soon as the money comes in, the card is immediately swiped to buy shopping cards, and then the merchant buys back at a 30% discount, without any problems.
There are also cases where you overdraw your credit card and then deposit the money you have defrauded into it. The bank will default to repayment and will not contact you even if it is frozen.
It is not clear whether the payment system has created too much wealth and no one has been concerned about this.
The main means of money laundering now is live streaming by internet celebrities. Because the source of the money for the reward is difficult to check, many internet celebrity companies are involved in money laundering.
For example, to launder a certain amount of money, you can negotiate with one or two internet celebrities, register a group of small accounts, and enter the live streaming room every day to swipe hundreds of thousands. You can swipe millions in a day, and tens of millions in half a month can be laundered.
Another way is virtual currency, and Bitcoin is a typical money laundering tool.
Then there are many other coins, such as ten-fold coins, hundred-fold coins, and thousand-fold coins. Three 10-fold and 100-fold in a year, no need to think too much, all of them are money laundering.
So how do they operate?
For example, you can find a niche virtual currency, negotiate a price of one cent to buy it, spend 300,000 to buy 30 million, and then drive up the price. When it rises to one dollar, it will increase 100 times, and 300,000 will become 300 million. Is it easy? Do you still need to run away?
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