Employee Illegally Diverts Company Funds to Cryptocurrency Trading
According to the official release from Xiamen Procuratorate, a sales agent from a Fujian-based company fell into financial trouble in early 2024 due to cryptocurrency investment losses.
In an attempt to cover his debts, he replaced official corporate payment QR codes with his personal WeChat Pay and bank account details, directing clients to transfer payments directly into his private accounts.
Over 1.5 Million Yuan Lost in Crypto Trades
Between spring 2024 and spring 2025, he siphoned off more than 1.53 million yuan in educational material fees, channeling the stolen funds entirely into Bitcoin and other digital asset speculations.
- Initially aimed at making quick profits through crypto trading
- But ended up losing all the embezzled funds
Justice Eventually Served
The individual was later prosecuted for abuse of position and embezzlement. The Tong'an District Procuratorate filed criminal charges, leading to a court sentencing him to 2 years and 3 months in prison with a financial penalty.
This case serves as a stern warning: misuse of corporate funds for high-risk ventures will inevitably lead to severe legal consequences.