A criminal gang committed fraud under the guise of a fake digital currency platform, and the main perpetrator was sentenced to 11 years and 6 months in prison

BlockBeats News: On May 8th, the Loudi Intermediate People's Court in Hunan Province, China, released a typical case of telecommunications network fraud and related crimes. Liu and three others established a fraud studio in Yuelu District, Changsha, and used the identity of "Asian beauty" to package and carry out fraud under the guise of the Hconex digital currency platform. The criminal gang manipulated the backend data to make all the virtual currencies invested by the victims "lose money", and defrauded more than 1 million yuan in total. The first instance judgment of Shuangfeng County People's Court in Hunan Province and the second instance judgment of Loudi Intermediate People's Court: the main offender Liu was sentenced to 11 years and 6 months in prison and fined 300000 yuan; Kang was sentenced to 11 years and 2 months in prison and fined 300000 yuan; Zeng was sentenced to 7 years and 6 months in prison and fined 90000 yuan. The illegal gains of the three individuals shall be recovered in accordance with the law.