Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3

Shandong Dongying police cracked the city's first virtual currency fundraising fraud case, involving more than 200 million yuan

CointimeCointime2024/05/18 08:34
By:Cointime

It was reported that the Economic and Technological Development Zone Branch of the Dongying Public Security Bureau in Shandong Province successfully solved the city's first virtual currency fundraising fraud case. Currently, the main culprit, Wang Moumou, has been sentenced to eleven years and six months in prison. In February 2023, the Economic and Technological Development Zone Branch of the Dongying Public Security Bureau's Investigation and Supervision Brigade discovered that the suspect Wang Moumou had registered a company and issued virtual currency token CET without obtaining a financial license, promising high returns to investors, which is suspected of virtual currency fundraising fraud.

After investigation, in September 2021, Wang Moumou commissioned a certain network company to develop a certain APP and issue virtual currency token CET based on the Tron network. By organizing provincial agents to promote the APP and virtual currency CET through video conferences, WeChat, and other means nationwide, a large number of shareholders (operators) were developed, promising that the profits from investing in CET would grow exponentially, attracting victims to invest. The police investigating the case obtained 1039 registered member information and confirmed 241 people who invested in CET, involving 23 provinces, municipalities, and autonomous regions, with a total amount of more than 200 million yuan.

1

Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.

You may also like

A whale withdrew 2.96 million USDC from Aave and bought 2.82 million FTM in the past 30 minutes

Cointime2024/06/03 03:49

Matter Labs CEO: Linea’s hacker attack highlights the need for Layer2 to prioritize decentralization

Cointime2024/06/03 03:49

Hong Kong Financial Secretary: Very optimistic about the development of virtual assets in Hong Kong

Cointime2024/06/03 03:31

In the past 24 hours, the entire network has liquidated $136 million

Cointime2024/06/03 03:13

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
9359.81%
ROI
Total profit $47735.04
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1269.4%
ROI
Total profit $3685.87

Bot copy trading

More
BGUSER-FFF8CNJ4
BGUSER-FFF8CNJ4
insight8/150
$7892.34
Total profit
Total subscriber profits $210.93
TopTrader85
TopTrader85
insight150/150
$13284.03
Total profit
Total subscriber profits $137.16