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PANews
PANews|10月 15, 2025 06:43
[CCTV Exposes Details of the Special Case Involving the Guogan Wei Family: Using Concepts Like 'Blockchain Projects' as Financial Camouflage to Commit Fraud] The official WeChat account of CCTV published an article exposing details of the special case involving the criminal group of the Wei family in Kokang, northern Myanmar. The report revealed that the Wei family's criminal group utilized their Weisheng compound to engage in telecom fraud under the guise of so-called 'financial investment and wealth management' technologies. They employed concepts such as 'trust funds' or 'blockchain projects' as financial camouflage to carry out fraudulent activities. According to reports, investigators learned that with the support of fraud technologies, a single betting operation could yield profits exceeding hundreds of millions of yuan. "Tens of millions in Myanmar is considered a small operation," said Zhang Hanyi, Deputy Director of the Quanzhou Public Security Bureau in Fujian Province. He further stated that the confirmed amount of fraud involved in the case is close to 6 billion yuan, while the turnover from operating casinos is approximately 10 billion yuan. "What has been uncovered so far is only a portion; it's impossible to fully investigate due to objective limitations abroad," he added.
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Timeline

11月 11, 02:37Hackers are using the comment sections of prediction markets to carry out scam activities.
11月 09, 01:25Russian cryptocurrency fraudster and wife killed in UAE
11月 05, 11:41Hong Kong police announce progress in the JPEX case
11月 05, 08:48Hong Kong police prosecute 16 people in the JPEX case
11月 01, 17:25Farouk Fathi was found dead in prison.
10月 30, 05:36Chinese man arrested in Thailand for alleged $14 million Ponzi scheme
10月 29, 07:49The last thing CZ didn't allow to buy was TST
10月 29, 07:10South Korean fraud group involved in virtual currency scam, defrauding 5.8 billion Korean won
10月 28, 04:10The market has entered a period of security anxiety.
10月 28, 01:00Someone is fraudulently using the name of CoinDesk.

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