An intermediate court in Xilin Gol League, Inner Mongolia, has upheld the original ruling in a criminal case tied to online gambling fund settlement, according to The Paper as cited by Odaily. The case is one of a broader series involving fourth-party payment platforms that provided payment and clearing services for gambling sites. Prosecutors said some defendants took commissions or rebates in virtual currencies including USDT.
The court found that from May 24, 2022 to Oct. 18, 2023, Ma and five others collected and paid out illegal funds through third-party payment accounts. The group also used virtual wallets to receive USDT and used bank-card transfers as part of the settlement process. Funds were routed through 105 merchants connected to 10 third-party payment companies, with total settlement volume exceeding 2.95 billion yuan.
The court determined that Ma committed the crime of illegal business operations. He was sentenced to four years and six months in prison and fined 3 million yuan. Five other individuals who were later brought before the court were also convicted of illegal business operations and received prison terms ranging from three to six years.
Odaily, citing The Paper, reported that the Intermediate People's Court of Xilin Gol League in Inner Mongolia upheld the original ruling in Ma's criminal case for illegal business operations. The case is part of a broader series involving fourth-party payment platforms that handled payment and settlement services for gambling platforms. In this case, some defendants were accused of taking commissions or rebates in virtual currencies including USDT.
The court found that between May 24, 2022 and Oct. 18, 2023, Ma and five others collected and paid out illegal funds through third-party payment accounts. They also used virtual wallets to receive USDT and used bank-card receipts as another settlement method. The funds were processed through 105 merchants linked to 10 third-party payment companies, with total settlement volume exceeding 2.95 billion yuan.
The court ultimately found Ma guilty of illegal business operations and sentenced him to four years and six months in prison, along with a 3 million yuan fine. Five other people who were later apprehended have also been convicted of illegal business operations and received prison terms ranging from three to six years.
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