Zhejiang police cracked a fraud case involving virtual currency money laundering by the "China International Plum Blossom Association", involving more than 58 million yuan

The Ministry of Public Security held a special press conference in Beijing on October 25 to report on the effectiveness of the special action measures deployed by the Ministry of Public Security to crack down on and rectify ethnic asset unfreezing fraud crimes by public security organs across the country. Zhou Qiancheng, captain of the Criminal Investigation Brigade of the Ningbo Public Security Bureau of Zhejiang Province, introduced that at the beginning of this year, the Ningbo Public Security Bureau discovered that local residents were participating in the ethnic asset unfreezing fraud project of the "China International Plum Blossom Association". After investigation, the suspects set up an illegal organization "China International Plum Blossom Association" to use high pension returns as bait to develop people from all over the country to participate, and collected fees in the name of "membership fees", "venue fees", "certificate fees", "personal income tax", etc., using virtual currency to launder money and illegally profit. It has been found that the funds involved in the case are more than 58 million yuan. At present, the case is still under further processing. (Criminal Investigation Bureau of the Ministry of Public Security)