According to reports, police in Dezhou, Shandong, cracked a cross-province online extortion case in which the payment agency platform involved settled with a money-laundering group using virtual currency.
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Shandong police crack cross-province online extortion case; funds laundered via payment agency platforms using virtual currency
PANews November 11 reported, citing Dazhong Daily, that police in Dezhou, Shandong, cracked a cross-province online extortion case. The criminal group posed as environmental inspectors and journalists, used drones to film livestock farms, and posted negative videos to pressure farmers into paying to have the posts removed. The group collected funds through payment QR codes and third-party payment agency platforms, which then settled with money-laundering groups using virtual currency. Police said the group 2 months carried out crimes in Shandong, Henan, Hebei, Jiangsu, Anhui and other 5 provinces 22 cities, committing 268 cases involving 80 more than yuan. A total of 23 people have been arrested, and assets worth more than yuan have been sealed, seized, or frozen. 200🔗https://www.panewslab.com/zh/articles/01a1c980-e416-76fb-a5e7-1ad6bd2c0b2c
Key points
01
PANews reported on November 11 the case, citing Dazhong Daily: police in Dezhou, Shandong, cracked a cross-province online extortion case.
02
According to the report, the criminal group posed as environmental inspectors and journalists, used drones to film livestock farms, and posted negative videos to pressure farmers into paying to have the posts removed.
03
The group collected funds through payment QR codes and third-party payment agency platforms, which then settled with money-laundering groups using virtual currency.
04
Police said the group 2 months carried out crimes in Shandong, Henan, Hebei, Jiangsu, Anhui and other 5 provinces 22 cities, committing 268 cases involving 80 more than yuan.
05
The report said a total of 23 people have been arrested, and assets worth 200 more than yuan have been sealed, seized, or frozen.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The reported flow of funds was: the group collected payments for removing posts, then the payment agency platform settled with the money-laundering group using virtual currency. The virtual currency was used to settle funds related to the case, not for an investment project mentioned in the report.
Why it matters to readers
The case illustrates the specific methods used: impersonating officials, posting negative videos to demand payment for removing posts, and routing proceeds through a payment agency platform and settling them in virtual currency.
Beginners should focus on identifying the impersonation and paid post-removal tactics described in the report, while distinguishing between the amount involved, 80 more than yuan, and the assets sealed, seized, or frozen, 200 more than yuan—two different measures.
Risks and unknowns
The evidence provided is a media account and does not include an original police notice; case details have not been independently verified.
The report did not disclose the type of virtual currency involved, the name of the third-party payment agency platform, or the identity of the money-laundering group.
The report did not explain the specific relationship between the amount involved and the value of assets sealed, seized, or frozen, nor did it provide subsequent judicial outcomes.
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Related concepts
Third-party payment agency platform
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