Recently, the Xingyi Municipal People's Court publicly tried a case of organizing and leading ship sales activities. The defendant Qin used the guise of virtual currency "mining" to induce more than 70 people to participate in ship sales, and the funds involved in the case exceeded 10 million yuan.
Case replay
The Xingyi Municipal People's Court found that from 2021 to 2022, the defendant Qin Moumou, in order to make illegal profits, colluded with Xu Mou, Ding Mou, Bai Mou (three people were dealt with in a separate case) and others to establish a certain storage technology company in Xingyi City, preaching virtual currency mining to unspecified people in the society, exaggerating the profit of virtual currency, inviting and stimulating customers to invest in the company. After receiving a certain amount of investment, more than 100 computers were purchased as "mining machines" to start "mining".
During this period, the company also launched a short-term leasing computing power hosting business, claiming to rent "computing power" to customers, using high investment returns as bait, actively developing participants to invest, and inducing participants to continue to develop relatives and friends to invest, and obtain corresponding commission income at different levels. The more they invest and the more downlines they develop, the more income (referral fees) they will get.
In June 2022, the company gradually stopped distributing dividends to participants, then announced that it would suspend operations for rectification, and transferred all the "rental fees" of investors. There were five levels of ship sales, more than 70 participants, and the amount involved was more than 10 million yuan, which seriously disrupted the social and economic order.
Based on the facts ascertained during the trial and the sentencing circumstances, the court sentenced the defendant Qin Moumou to two years and six months in prison and a fine of 8,000 yuan for the crime of organizing and leading ship sales activities.
5 million people watched the trial online
“Ship sales hurt people and themselves, and destroyed many families.”
“Don’t listen to or believe the sweet talk of liars.”
"Nine out of ten of those high-profile money-making projects are scams..." During the live broadcast, netizens commented and left messages online and interacted actively.
On the same day, the Xingyi City Court simultaneously live-broadcasted the trial through two short video accounts. The live broadcast lasted 104 minutes, and a total of 5.774 million people watched it online, achieving good social and legal effects.
"The defendant in this case used the establishment of a company as a cover, virtual currency as a gimmick, and the guise of the new concept of blockchain to attract unspecified people to join. Under the guise of investment and financial management, they adopted the method of recruiting people and offering rebates to develop downlines, which was highly secretive. Many participants were deceived by the packaging gimmicks, and in pursuit of high returns, they fell into the ship sales trap by mistake, suffering heavy losses..." The presiding judge explained the law through the case.
When facing blockchain virtual currency mining and sales scams, you must be vigilant, realize the complexity and risks of digital currency and blockchain technology, and be cautious about various investment opportunities. #内容挖矿 #BTC Follow me! Get more information about the cryptocurrency circle!
