#Suqian cracks down on virtual currency pyramid scheme case#
Hot Topic Overview
Overview
Suqian Court recently disclosed a network pyramid scheme case disguised as a virtual currency investment project. The criminal suspect created the "ACORNS" online platform and issued virtual currencies such as "ACO," promoting them as investment opportunities for high returns, enticing members to pay 100 USDT for investment. The platform had over 3,000 active members, with 33 tiers, and accumulated nearly 3.16 million USDT in funds. The court sentenced the defendants to prison terms ranging from five years and three months to three years for the crime of organizing and leading pyramid schemes, and fined them between 170,000 yuan and 100,000 yuan. This case serves as another warning to people to be wary of virtual currency investment projects that lure with high returns, and to avoid falling into pyramid schemes.
Ace Hot Topic Analysis
Analysis
The Suqian Court recently disclosed a network pyramid scheme case under the guise of investing in virtual currency financial management projects. The criminal suspects created the "ACORNS" network platform and issued virtual currencies such as "ACO," claiming that they could participate in financial management and earn high returns, enticing members to pay 100 USDT for financial management. By the time of the case, the platform had over 3,000 active members, with 33 layers in total, and had accumulated nearly 3.16 million USDT. After trial, the court determined that the act constituted the crime of organizing and leading pyramid schemes 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 people to be cautious when investing in virtual currency financial management projects, be wary of the temptation of high returns, and avoid falling into pyramid schemes.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Virtual currency pyramid scheme cases are frequent, and using virtual currency to conduct pyramid scheme activities has become a new form of crime.
Pyramid scheme organizations issue virtual currencies and lure investors to join with high returns as bait, requiring members to pay a certain amount of virtual currency as a threshold.
Pyramid scheme organizations often do not have real business projects and deceive investors with false propaganda such as "static income", ultimately leading investors to lose all their money.
Judicial authorities have severely cracked down on virtual currency pyramid scheme cases, sentencing related personnel to fixed-term imprisonment and fines, protecting the legitimate rights and interests of investors.