CHINESE FRAUD RING LAUNDERED OVER $6M IN TETHER’S USDT FROM 66,800 INDIAN VICTIMS: REPORT
✍️ Nine individuals were sentenced to prison in China for their roles in a telecom fraud scheme that defrauded over 66,000 victims in India, stealing 517 million Indian rupees.
👉 Nine individuals were sentenced to prison in China for telecom fraud
👉 Group stole 517 million Indian rupees from over 66,000 victims
👉 Led by a man surnamed He, who started the operation in May 2023
👉 Used fake investment platforms and false identities to lure investors
👉 Promised monthly returns of 8-15% on 1,000-rupee investments
👉 Laundered funds through third-party platforms and converted to Chinese yuan or U.S. dollar with a 15% cut
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#He #Li #China #India #ShandongProvince #world