According to reports from Xinmin Evening News and others, a man in Shanghai gained the trust of a 70-year-old elderly woman living alone within two months by borrowing money and mortgaging her property, ultimately scamming her out of over 13 million yuan. Police investigations revealed that the man had a prior criminal record for illegally absorbing public deposits. After being released from prison, he attempted to 'make a comeback' through virtual currency investments, funneling the scammed funds into illegal crypto trading, which eventually resulted in total losses. Most of the funds involved were transferred to crypto brokers and accounts used for laundering in black and gray markets. The man is currently under criminal detention on suspicion of fraud, and the exact whereabouts of the funds are still under investigation. https://(wublock123.com)/news/shanghai-man-schemes-70s-victim-13m-into-crypto-trading-66366