TechFlow News, May 17: According to reports by Red Star News, police in Linyi City, Shandong Province recently dismantled a telecom fraud syndicate targeting minors. Authorities seized approximately RMB 140,000 in illicit proceeds and 20,000 units of virtual currency at the scene. Preliminary investigations confirm that the syndicate has carried out over 200 fraud cases nationwide, involving substantial sums.
Police revealed that the criminals lured minors with the promise of “free game skins and equipment,” inducing them to use their parents’ mobile phones and remotely control victims’ devices via screen-sharing to carry out fraudulent transfers. Proceeds were subsequently laundered in batches through top-ups for phone credit, electricity bills, and property management fees. The upstream telecom fraud platform settled funds using virtual currency, while suspects retained roughly 20% of the fraud proceeds as commission. Reportedly, the ringleader previously traveled to a fraud-related industrial park in Myanmar and possesses strong counter-investigation experience. The case remains under active investigation.
