Shandong police dismantle telecom fraud syndicate targeting minors: 20,000 virtual currency units seized; over 200 victims

According to Red Star News, law enforcement authorities in Linyi City, Shandong Province recently dismantled a telecom fraud syndicate targeting minors. On-site, police seized approximately RMB 140,000 in illicit proceeds and 20,000 units of virtual currency. Preliminary investigations confirmed that the gang has carried out over 200 fraud cases nationwide, involving a substantial amount of money. Police revealed that the criminals lured minors with the promise of “free game skins and equipment,”诱导 them to use their parents’ mobile phones and remotely control victims’ devices via screen-sharing to carry out fraudulent transfers. The illicit funds were subsequently laundered in batches through top-ups for phone credit, electricity bills, and property management fees. Upstream telecom fraud platforms settled payments using virtual currency, while suspects retained approximately 20% of the fraud proceeds as commission. It is reported that the ringleader previously traveled to a fraud-related industrial park in Myanmar and possesses strong anti-investigation experience. The case remains under further investigation.