Chinese Jiangxi police destroyed a virtual currency money laundering "water room" den and arrested 8 criminal suspects

On August 30th, according to the Global Times, Ms. Zhang from Tianjin was defrauded of more than 260,000 yuan through online scams this month, and the fraudulent funds were withdrawn by someone in Xingguo, Jiangxi. After receiving relevant clues, Xingguo police quickly took action, arrested 8 suspects, smashed 1 virtual currency money laundering "water room" nest, and seized 200,000 yuan of funds involved in the case.

After investigation, on August 5th, suspect Li Mouyuan (from Xingguo County) received a call from a loan fraud and money laundering gang, asking if he needed a loan. The gang then asked Li Mouyuan to provide a bank account for money laundering, claiming that his account did not have enough flow, and also asked him to make an appointment with the bank for a large withdrawal. After Ms. Zhang's defrauded funds were transferred to Li Mouyuan's account, he immediately withdrew the money in Xingguo. To prevent bank staff from suspecting or intercepting the large withdrawal, Li Mouyuan lied and claimed that the money was used for decoration and payment of worker wages.

On August 11th at 1 pm, Li Mouyuan withdrew more than 260,000 yuan from Ms. Zhang's account in a bank in Xingguo, despite knowing that the money was involved in illegal online activities. At the same time, the overseas fraud gang arranged for domestic money laundering gang members Zhu Mouzhe, Fan Mouhui, and Li Moufu to drive from Yuzhou, Henan to Xingguo County to exchange the money. When Li Mouyuan withdrew the money, gang members followed him into the bank to prevent any accidents, and also monitored him from a distance at both ends of the bank to prevent him from running away with the money.

After the money laundering gang obtained all the cash from Li Mouyuan's withdrawal, they rushed back to Yuzhou that night and handed the funds over to the suspect Hou Moupeng in the virtual currency money laundering "water room". According to the instructions of the overseas fraud nest suspects, Hou Moupeng exchanged the fraudulently obtained more than 260,000 yuan in cash for virtual currency U offline, transferred it to a designated virtual currency address, and finally completed the laundering of the funds.

On August 12th, when Li Mouyuan was handling his involved account at the bank, he was arrested by the police on the spot. The investigating police overcame many difficulties and gradually arrested suspects Zhu Mouzhe, Fan Mouhui, and Li Moufu. On the evening of August 20th, they smashed a virtual currency money laundering "water room" nest, arrested 4 suspects including Hou Moupeng, and seized 200,000 yuan of funds involved in the case.