Beijing Court Jails Tech Executive 14 Years for $19.5M Crypto Laundering
Beijing authorities sentenced tech executive Feng to 14 years for a $19.5 million crypto laundering scheme at a major short video platform. According to a People’s Daily report, the Haidian District People’s Court convicted Feng and seven co-conspirators of occupational embezzlement after they illegally stole 140 million yuan in company incentive funds. Prosecutors revealed that…