Shandong police dismantle a criminal gang targeting minors for online fraud: confiscate 20k virtual currencies, over 200 victims affected

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ME News Report, May 17 (UTC+8), Shandong Linyi police recently dismantled a telecom fraud gang targeting minors, seizing approximately 140,000 yuan in illegal gains and 20,000 virtual currencies on site. Preliminary investigations show that the gang has carried out over 200 scams nationwide, involving a large amount of money. Police disclosed that the criminal gang used "free game skins and equipment" as bait, lured minors to use their parents' phones and share screens to remotely control victims' devices to carry out transfer scams. The stolen funds were then laundered in batches through recharge of phone credits, electricity bills, and property fees. Upstream fraud platforms settled funds via virtual currencies, with suspects taking about 20% of the scam proceeds as a share. It is reported that the gang leader had previously traveled to Myanmar's scam zones and has strong anti-investigation experience. The case is still under further investigation. (Source: ChainCatcher)
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