TechFlow, September 21 — The official account of Jilin Provincial Higher People's Court disclosed that the Longjing City People's Court in Jilin Province recently handled a case involving the crime of concealing or disguising illegal gains. Four defendants purchased gold for upstream telecom network fraudsters, sold it for cash, and transferred virtual currency through illegal cryptocurrency platforms to launder illicit funds. The total transaction amount reached over 789,000 RMB, with over 452,000 RMB confirmed as fraud-related funds. The court ultimately sentenced the defendants to fixed-term imprisonment ranging from one to two years, along with fines between 10,000 and 20,000 RMB.
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