According to the official account of the Fanxian County Court, the Fanxian County Court in Henan Province concluded a case of covering up and concealing criminal gains for upstream crimes by buying and selling virtual currency. In order to quickly realize his dream of becoming rich, Tian learned about a "money making business" through Tiktok: download the app of U-MATOU, and help criminals to launder money by buying and selling virtual currency U on this platform, that is, Tian transferred cash into the account provided by the criminals to buy U coins, then the criminals transferred the victim's money to Tian, and Tian sold the currency to earn 11700 yuan of the middle difference, which is the illegal profit of helping criminals launder money. The court believes that Tian knowingly assisted in transferring the aforementioned funds despite knowing that they were the proceeds of cybercrime, which constitutes a cover up and concealment of the crime and should be punished according to law. Tian is an accomplice in cybercrime and has voluntarily surrendered. He pleaded guilty and voluntarily returned the illegal gains, and should be given a lighter punishment. According to Article 312, Article 27, Article 52, Article 53, Article 64, and Article 67 (1) of the Criminal Law of the People's Republic of China, the defendant Tian is sentenced to eight months' imprisonment and a fine of RMB 10000 for concealing and concealing the crime committed; The illegal gains of 10000 yuan returned by Tian will be confiscated and handed over to the national treasury by the collection authority. The case has now taken legal effect.
