The Shanxi court in China has cracked down on a USDT fraud case, and two accomplices have been sentenced to heavy penalties According to BlockBeats, on December 2nd, the Wanbailin District Prosecutor's Office in Taiyuan City, Shanxi Province, China, recently sentenced Chen and Li, who were prosecuted for concealing and concealing criminal proceeds, to two years and six months in prison and one year and six months in prison, respectively, and imposed fines. In May of this year, Ms. Zhang met "Lin Hao" (who has not been brought to justice) on a short video platform. "Lin Hao" falsely claimed that his comrade worked for a well-known company and had access to the company's stock price fluctuations. He could make profits by registering an account on the company's internal website to "buy up" (claiming a 5% profit per period), but the transactions had to be made in US dollars, and he had to exchange cash for US dollars with a designated merchant before transferring it to his comrade's US dollar account, which was then transferred to the company's account by the comrade. On May 21st, Ms. Zhang followed the instructions of "Lin Hao" and brought 1.47 million yuan in cash to a hotel in Wanbailin District to exchange for US dollars. At the behest of their superiors, Chen and Li went to communicate with Ms. Zhang. Ms. Zhang forwarded the US dollar account provided by "Lin Hao" (which was actually the fraudster's Tether account) to her superior through Chen, who then transferred 202328 Tether (equivalent to approximately 1.47 million RMB) into the account in three installments. Later, Chen and Li handed over 1.47 million yuan in cash received from Ms. Zhang to their previous employer. But 'Lin Hao' did not transfer the money to Ms. Zhang's account opened in the company as agreed, and Ms. Zhang reported the fraud to the police after discovering it. The case handling prosecutor immediately reviewed the papers and discussed with the investigators, and proposed the core investigation direction for the behavior characterization of suspect Chen and Li: obtaining chat records, and fixing the evidence that they knew the funds were abnormal; Clarify the flow of funds, trace the ultimate flow of Tether through data from virtual currency trading platforms, and verify the objective facts of its assistance in transferring criminal proceeds. After investigation, the public security organs transferred the case to the Wanbailin District Prosecutor's Office for examination and prosecution on August 17th. After examination, the court found that both Chen and Li confessed that they "knew the fund operation was too covert and involved large cash transactions, so there must be a problem." The two of them received a bribe of 30000 yuan afterwards, which is sufficient to determine that they knew it was criminal proceeds; The act of assisting in the cross-border conversion of "cash → US dollars → Tether" by the two individuals constitutes an act of "concealing and concealing criminal proceeds". After the verdict of the case, the court issued risk warning letters to relevant units, sorted out the typical characteristics of "investment fraud+virtual currency money laundering", and jointly carried out anti fraud propaganda activities with relevant units such as the Anti Fraud Center. Sun Yinping, the Chief Prosecutor of the Wanbailin District Prosecutor's Office, stated that in response to new telecommunications fraud related crimes, the court will continue to deepen the mechanism of "investigation and prosecution coordination+precise charges+social governance", not only cracking down on fraud crimes but also severely punishing criminal "accomplices", and fully safeguarding the safety of public property. (Justice Network)