BlockBeats News, on August 19, according to the Legal Daily, a virtual currency remote ordering 'flash delivery Moutai' fraud case was cracked in Ningbo City, Zhejiang Province, China. The defendant targeted liquor stores for fraud, using fake receipts to deceive genuine Moutai and transferring the proceeds through virtual currency to upstream accomplices.
After the prosecution by the Yinzhou District People's Procuratorate of Ningbo City, the defendant Zhou was sentenced to one year and six months in prison for concealing and disguising criminal proceeds, and was fined. The police are currently conducting further investigations into upstream fraudsters.