Fuzhou Jin'an District Procuratorate has disclosed three criminal cases involving virtual currency, highlighting offenses ranging from money laundering to robbery and illegal fundraising. In the first case, defendants were sentenced to prison terms of three years seven months and one year five months for laundering 210,000 yuan in telecom fraud proceeds through a scheme combining baijiu purchases with USDT transfers.
In a separate incident, five individuals received sentences between five years seven months and ten years four months for robbery after using pepper spray to steal over 40,000 USDT during a fake offline trading meeting. A third case resulted in a three-year four-month sentence for illegally absorbing 6.28 million yuan from more than 30 investors through a fraudulent mining operation promising guaranteed returns, causing losses exceeding 3.48 million yuan.
Fuzhou Procuratorate Discloses Three Virtual Currency Crime Cases Involving Money Laundering, Robbery, and Illegal Fundraising
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