CoinVoice has recently learned that the Tianjin police have disclosed a new type of scam involving 'virtual currency investment and offline trading'. The police have sorted out the case and found that the so-called 'U Coin' investment is just a cover, while the so-called 'U Business' is a gang that helps fraudsters transfer funds.
It has been checked that since July this year, a criminal gang has committed more than 10 cases in Tianjin and its surrounding provinces and cities under the guise of so-called 'U Business', with the amount involved exceeding 500,000 yuan. Currently, 4 members of the gang have been lawfully approved for arrest by the People's Procuratorate of Wuqing District, Tianjin. [Original link]