Fake house purchase, real fraud, "Emperor's precious wife" Lin Fuhui was sentenced for money laundering. Lawyer Li Yusheng explained the relevant regulations on house sales, performance bonds, fraud, money laundering, etc.

Lin Fuhui, the "Emperor's Beloved Wife", was sentenced for money laundering after she pretended to buy a house and actually defrauded the emperor.｜China Television News reporters You Yuhua and Zhang Desheng

News link:https://youtu.be/Vkke_urdp8Y?si=LG4TDAs4WYDjqq3N

Lin Fuhui, who is known as the "Emperor's Precious Concubine", was escorted back to Taiwan to serve her sentence in 2014 for being involved in a fraud case. Now she is involved in a money laundering controversy because a man named Xiao sold a luxury house in Linkou, but the buyer bounced. He did not get a penny after selling the house. Not only did the house change hands, the other party also mortgaged the house for 15 million yuan, and the house was eventually auctioned off when the buyer failed to pay. The prosecutor traced the flow of funds to Lin Fuhui. Although the two parties reached a civil settlement, the judge still sentenced her to one year and ten months for money laundering.

Attorney Li Yusheng of Fidelity Law Firm said that the fraudster in this case committed fraud by delivering a bad check during the house sale process, causing the homeowner to be deceived into transferring the house to the fraudster. The fraudster immediately mortgaged the house to borrow money and lent the money to others in a notarized manner, using this method to create a breakpoint to launder the stolen money. In this way, even if the victim wins the lawsuit, the possibility of recovering the money later is not high. If you want to buy and sell a house, it is best to use a performance guarantee account to avoid being deceived.

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