#Suqian Court Cracks Down on Pyramid Scheme Case#
Hot Topic Overview
Overview
The Suqian Court recently cracked down on a network pyramid scheme disguised as a virtual currency investment project. The criminal suspects created the “ACORNS” online platform, issuing virtual currencies such as "ACO" and promoting them as investment opportunities with high returns. Members were required to pay 100 USDT for investment, thereby obtaining static income. The platform has effectively attracted over 3,000 members, spanning 33 levels, and has accumulated nearly 3.16 million USDT in funds. After trial, the Sucheng Court sentenced the defendants in this case to prison terms ranging from five years and three months to three years, and fines ranging from 170,000 yuan to 100,000 yuan for the crime of organizing and leading pyramid schemes. This case serves as a reminder to be wary of virtual currency investment projects that lure with high returns and avoid falling into pyramid schemes.
Ace Hot Topic Analysis
Analysis
The Suqian Court recently cracked a network pyramid scheme case disguised as a virtual currency investment project. The criminal suspects created a network platform named "ACORNS" and issued virtual currencies like "ACO," claiming that members could participate in financial management and earn high returns. They lured members to pay 100 USDT for financial management and obtain static income. The platform attracted over 3,000 members with 33 tiers, accumulating nearly 3.16 million USDT. The court found the behavior constituted the crime of organizing and leading pyramid scheme activities and sentenced the defendants to prison terms ranging from five years and three months to three years, with fines ranging from 170,000 yuan to 100,000 yuan. This case once again warns the public to be wary of investment projects that lure with high returns and to avoid falling into pyramid scheme traps, protecting their own property safety.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Virtual currency investment projects may become tools for online pyramid schemes.
High returns propaganda may be the bait for pyramid schemes.
Pyramid schemes will use hierarchical systems and static returns to attract members.
Pyramid schemes will cause economic losses and have a negative impact on society.