According to BlockBeats news on May 17, as reported by Guangming.com, the Shanghai Pudong police recently successfully dismantled a criminal gang that used 'labor recruitment' as a guise to transfer funds for an overseas fraud group. This gang recruited individuals to register virtual currency wallets, providing illegal fund circulation accounts for fraudulent activities.
On April 13, a citizen named Mr. Tang received a text message about a 'cash-on-delivery' package and contacted the sender to cancel the delivery. The sender asked him to provide his bank card information and sent a link. After Mr. Tang clicked the link, he entered his bank card number and verification code as requested, only to find that money had been deducted from his bank account, resulting in a total loss of over one million yuan, leading him to report to the police.
After receiving the report, the police quickly established a special investigation team to carry out the investigation and identified a criminal gang led by Miao and Wang. From April 22 to 23, the police conducted a unified crackdown operation in the Qingpu District, arresting 11 suspects involved in the case.
After investigation, it was found that the gang sold the virtual currency accounts registered by the recruits to overseas fraudsters for prices ranging from 40 to 50 yuan each, for money laundering purposes. Currently, the main suspects Miao and Wang have been criminally detained, and several other suspects have been subjected to criminal coercive measures in accordance with the law. The case is under further investigation, and the police have frozen and recovered some of the funds involved.