A certain gang illegally operated forex through methods such as virtual coin wash trading, involving an amount of over 3.9 billion yuan.

GateUser-6433627c · 2025-05-16T07:14:17+00:00

The Sichuan Public Security Bureau has released 10 typical cases of economic crimes, including the "2•6" illegal business case. The suspects established a company to conduct illegal cross-border exchange transactions using Social Web software, involving an amount of over 3.9 billion yuan. A total of 21 suspects have been successfully captured, and the case is set to conclude its investigation and be transferred for prosecution in December 2024.

GateUser-6433627c

2025-05-16 07:14:17

Abstract generation in progress

On May 16, according to Hongxing News, on May 15, the Sichuan Public Security in China released 10 typical cases of economic crime, including the “2•6” illegal operation (forex) case. In this case, since August 2021, Fan, He, Chen and others established studios and technology consulting companies in Chengdu, using Social Web software to draw attention to targeted customers. They colluded with domestic agents of overseas exchange institutions and provided illegal cross-border exchange services for RMB through methods such as cashing out overseas gift cards and virtual coin wash trading, with a total amount involved exceeding 3.9 billion yuan. In this case, 21 criminal suspects were successfully captured, and the investigation concluded in December 2024 and was sent for review and prosecution.

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