Sichuan Public Security Bureau releases typical case: A gang illegally operated foreign exchange through virtual currency exchange and other means, involving more than 3.9 billion yuan

According to Red Star News, on May 15th, Sichuan Public Security released 10 typical cases of economic crimes, including the "2.6" illegal business (foreign exchange) case. In this case, since August 2021, Fan, He, Chen and others have set up studios and technology consulting companies in Chengdu, using social networking software to target customers for targeted traffic, colluding with domestic agents of foreign exchange institutions, and providing illegal cross-border RMB exchange services through overseas gift card cash withdrawals, virtual currency exchanges and other methods. The total amount involved in the case is more than 3.9 billion yuan. The case successfully captured 21 suspect, and in December 2024, the investigation was completed and transferred for review and prosecution.