Fujian High Court: A large cross-border telecommunications network fraud case involving cash and virtual currency worth nearly 200 million yuan
Fujian High Court official account announced a typical case of cracking down on the new type of illegal and criminal governance of telecommunications networks, including Longyan City judicial organs tried a large cross-border telecommunications network fraud case according to law, the public security organs seized the cash involved and a large number of houses, cars, gold, precious watches, virtual currencies, etc. worth nearly 200 million yuan; the judicial organs have decided that the total amount of fines applicable to the case reached more than 51.67 million yuan, and increased the implementation of property, fines, compensation, confiscation and other property judgments were implemented in place 69.2158 million yuan.
In addition, in another telecommunications network fraud case, the defendant engaged in telecommunications network fraud activities aimed at overseas foreigners investing in bitcoin, defrauding victims' property in the United States, Singapore and other countries, and it has been verified that the victims were defrauded of a total of RMB 7.13 million yuan.