Criminal Network Dismantled in Shanghai
A recent report from Guangming Net reveals that authorities in Shanghai have successfully dismantled a criminal network that masqueraded under the guise of ‘labor recruitment’ to facilitate fund transfers for international fraud operations. The investigation by the Pudong Police uncovered that this group had been engaging individuals to create virtual currency wallets, which were then used as channels for laundering illicit funds originating from scams.
Incident Involving Local Resident
The operation gained momentum following an incident involving Mr. Tang, a local resident. On April 13, he received a suspicious text message regarding a “payment-on-delivery express” service. Upon attempting to cancel the delivery, he was directed to share his bank card details through a provided link. Unfortunately, after entering his card number and security code, Mr. Tang discovered unauthorized withdrawals from his account, resulting in losses exceeding one million RMB. Distraught, he promptly reported the matter to law enforcement.
Police Investigation and Arrests
In response to the victim’s complaint, police rapidly mobilized a task force to investigate the case, focusing on a gang reportedly led by two figures identified as Miao and Wang. The authorities executed a coordinated operation from April 22 to 23 in the Qingpu District, leading to the detention of 11 individuals linked to fraudulent activities.
Operation Details and Ongoing Investigation
The police’s inquiries found that the gang was selling the virtual currency accounts they had set up to fraudsters overseas at prices ranging from 40 to 50 RMB each, specifically for the purposes of laundering money. Currently, Miao and Wang are facing criminal charges, while additional gang members are under detention as the investigation continues. Law enforcement is actively working to trace and recover some of the misappropriated funds that have been frozen as part of their efforts to combat this fraudulent scheme.
