According to Wu, A&A Group lied about buying a cryptocurrency mining company in Yunnan, China, and defrauded more than 700 local investors in Singapore of 6.7 million Singapore dollars. CTO Wang Xinghong from China was sentenced to five years in prison.
The defendant's accomplices include a man named Yang Bin, who is the chairman of A&A Group. Yang Bin has a legendary experience. He once ran Eurasian Agricultural Enterprises and was appointed by the North Korean government as the governor of the Sinuiju Special Administrative Region. He was later arrested by China on multiple charges and was released on parole on September 26, 2016.
