Express
Zhao Dong spotted in the United States, released from prison
Summary: According to reports, Guo Hongcai posted on social media a photo showing Zhao Dong in the United States, already released from prison. On May 12, 2021, the Xihu District People's Court in Hangzhou conducted a trial of the Zhao Dong and Zhao Peng cases. Zhao Dong and Zhao Peng were both convicted of aiding in ...
According to reports, Guo Hongcai posted on social media a photo showing Zhao Dong in the United States, already released from prison.
On May 12, 2021, the Xihu District People's Court in Hangzhou conducted a trial of the Zhao Dong and Zhao Peng cases. Zhao Dong and Zhao Peng were both convicted of aiding in fraud. Zhao Dong was detained on June 24, 2020, and formally arrested on July 18.
Zhao Dong and Zhao Peng were involved in the illegal disposal of virtual assets on a platform called Tian Tian Xiang Shang. They converted the digital assets involved in this illegal network payment platform into legal tender. Zhao Dong received 70% of the profits from OTC business.
According to reports, the Tian Tian Xiang Shang platform is a money laundering criminal group led by Zhou, involving illegal settlements and a large number of overseas gambling websites, with an amount involved reaching 3.1 billion yuan.
