Fujian High Court: A major cross-border telecommunications network fraud case involved cash and virtual currency worth nearly 200 million yuan

the Fujian High Court publicly announced typical cases of cracking down on and governing telecommunications and internet new types of illegal crimes. Among them, the trial organs in Longyan City lawfully tried a major cross-border telecommunications network fraud case. The public security organs seized cash and a large number of properties such as houses, cars, gold, precious watches, and virtual currency worth nearly 200 million yuan. The trial organs have sentenced a total of more than 51.67 million yuan in fines for the case and increased the intensity of property execution. The property judgment items such as fines, refunds, and confiscations have been executed in the amount of 69.2158 million yuan.

In addition, in another telecommunications network fraud case, the defendant engaged in telecommunications network fraud activities targeting foreign investors in bitcoin abroad, and cheated victims from countries such as the United States and Singapore. It has been confirmed that the victims were cheated out of more than 7.13 million yuan.