CoinVoice has recently learned that the Jingkou District Procuratorate of Zhenjiang City, Jiangsu Province recently announced that the court sentenced Li Mou and eight others to three years in prison with a three- to five-year reprieve for the crime of illegally absorbing public deposits, and imposed a fine of 210,000 to 250,000 yuan.

Under the guise of "1 FIL coin can earn 2 times the profit", these people claimed to cooperate with mining machine manufacturers to carry out Filecoin staking mining. Through the self-developed FPM App, they attracted more than 10,000 members in less than a year, absorbing more than 400,000 FIL coins in total, and the amount involved in the case exceeded 40 million yuan.

The case involved multiple provinces and cities including Jiangsu, Guizhou, and Hunan. The prosecutors said that the suspects used the large amount of FIL coins they absorbed to pledge "mining" with mining machine manufacturers, and they were still generating income at the time of the incident. [Original link]