BlockBeats News, on February 10, according to the WeChat public account of the Internet Information Office of Jiangmen, the Kaiping Court in Guangdong Province, China, recently ruled on a "scoring" money laundering case. From July to September 2024, Situ A and Situ B organized a gang, using the bait of "providing bank cards for cash withdrawal to earn a 4% commission and additional rewards for recruiting others," to recruit 14 "card owners" to assist in transferring funds from crimes such as telecom network fraud, and transferring the funds upstream through cash withdrawal, exchange for virtual currency, and other methods, with the total involved amount exceeding 2 million yuan.
The court found that the 19 defendants, knowing that the funds were proceeds of crime, still transferred them, constituting the crime of concealing and covering up criminal proceeds. They were legally sentenced to fixed-term imprisonment ranging from 8 months to 3 years and 6 months, along with fines.