Pyramid selling case of 14.8 billion digital currency: 27 suspects were arrested for hiding overseas

category:Finance
 Pyramid selling case of 14.8 billion digital currency: 27 suspects were arrested for hiding overseas


The hierarchical relationship is as high as 3293 layers, and the total amount of digital currency collected exceeds 14.8 billion

Plustoken was born in the guise of blockchain.

According to the criminal ruling, in early 2018, the defendant Chen Bo planned to set up a plustoken platform on the Internet to carry out pyramid marketing activities based on the concept of blockchain, and successively hired the defendants Zheng Jing and Wang Renhu to develop, operate and maintain the app, and established a domain name of www.plToken.io The platform a * * was officially launched on May 1, 2018. At the same time, the defendants Chen Bo, Ding zanqing, Peng Yixuan, Gu Zhijiang and others set up the highest marketing team of plustoken platform - Shengshi alliance community. Through wechat group, Internet, irregular meetings, concerts, tourism and other means, the defendants released the introduction, bonus system, operation mode and other publicity materials of plustoken platform, and fabricated and exaggerated the strength and profit prospects of the platform Publicity and promotion.

Since May 2018, the defendants Chen Bo and Yuan Yuan successively recruited the defendants Liu Shuai, Chen Tao, he Sisi, Liu Jia, Peng Bo, Lu Jiaolong, and Wu Jianhong to engage in the customer service and currency allocation work of plustoken platform. In August 2018, at the invitation of the defendant Ding zanqing, the defendant Lu Wanlong joined the plustoken platform and was responsible for introducing and connecting with the organizers and news media of other blockchain activities, promoting the platform and expanding the influence.

Plustoken platform has no actual business activities. It spreads in China, South Korea, Japan and other countries through the Internet. In the name of providing digital currency value-added services, the platform claims to have the function of smart dog moving bricks (i.e., arbitrage transactions in different exchanges at the same time to earn price differences), but it does not have this function. The platform requires participants to obtain the membership account of the platform through online recommendation, pay a threshold fee of more than $500 in digital currency, and open the smart dog to obtain the platform income. According to the joining order of recommended development, members form the upper and lower levels, and according to the number of development offline members and the number of investment funds, the membership level is divided into five levels: Ordinary members, big family, big man, big God and Chuangshi. The platform has three main income modes, namely, intelligent brick moving income, link income and senior management income, so as to carry out rebate, directly or indirectly The number of exhibition personnel and payment amount shall be taken as the rebate basis.

The background electronic data of plustoken platform was identified by Shanghai Chenxing electronic data judicial authentication center: from April 6, 2018 to June 27, 2019, a total of 2693494 registered member accounts were recorded on the platform (accounts with duplicate ID cards removed), among which 1594871 accounts were authenticated, and the maximum level was 3293 layers.

As identified by Suzhou Ruiya certified public accountants, as of June 27, 2019, plustoken platform has collected 314200 BTCs, 117500 BCH, 96000 dash, 11.06 billion Doge, 1847700 LTC, 9174200 eth, 51363300 EOS and rebornuff08 XRP) 92800. According to the determination center of Yancheng Price Bureau, based on the lowest price from May 1, 2018 to June 27, 2019, the total amount of the above eight digital currencies exceeds 14.8 billion yuan.

By the end of the case, the defendant Chen Bo realized his money by selling digital currency to Fu jisen, you Shangchun and others in addition to paying for the promotion expenses of relevant platforms and the staff costs of other platforms.

In addition to 14 persons who committed the crime of organizing and leading pyramid selling activities, according to the court of first instance, from June 27 to 28, 2019, Chen Tao, knowing that Chen Bo, the person in charge of the plustoken platform, was captured by the public security organ, and the relevant digital currency was the criminal income, he still actively colluded with Lu Jiaolong to transfer and harbor the relevant digital currency, which was equivalent to 150 million yuan, which was a huge amount. After the defendant Lu Wanlong was released on bail by the investigation authority, 450 bitcoins were exchanged and transferred for concealment. As a result, 456 bitcoins, 573181.4 grapefruit coins and 911 Ethereum could not be recovered.

The original judgment was upheld in the second instance

According to the Beijing Daily reported on September, in early 2019, the Yancheng City Public Security Bureau set up a task force to investigate the PlusToken platform. In June of the same year, the ad hoc group of policemen dispatched to many countries and regions, and with the local police successfully arrested 27 suspects who were hiding abroad, and arrested 1 main suspects in the territory. In March 2020, the Ministry of public security deployed the national public security organs to arrest all 82 backbone members suspected of pyramid selling crimes.

After the first instance judgment was announced, the peoples Procuratorate of Yancheng Economic and Technological Development Zone, the former public prosecution organ, filed a protest. The defendants in the original trial, Chen Bo, Ding zanqing, Gu Zhijiang, Yuan Yuan, Lu Jiaolong, Wang Renhu and Liu Shuai refused to accept the appeal and appealed. During the trial of the second instance, Liu Shuai, the defendant of the original trial, filed a withdrawal appeal, and the Yancheng peoples Procuratorate decided to withdraw the protest.

The court held that several Appellants and defendants of the original trial, in the name of business activities, required the participants to obtain the entry qualification by paying fees, and formed a hierarchy according to a certain order. They directly or indirectly used the number of development personnel as the basis for remuneration or rebate, luring participants to continue to develop others to participate, defraud property, and disrupt economic and social order All of them constitute the crime of organizing and leading pyramid selling activities. Chen Taoming, the defendant of the original trial, harboured and transferred the stolen money obtained by others when he knew that it was the stolen money obtained by others. The circumstances are serious, and his behavior constitutes the crime of concealing and concealing the crime. Chen Bo, Ding zanqing, Peng Yixuan, Gu Zhijiang, Yuan Yuan, Lu Jiaolong, Zheng Jing, Wang Renhu and Lu Wanlong are the main criminals. He Sisi, Liu Jia, Liu Shuai, Peng Bo and Wu Jianhong play a secondary role in the joint crime. They are accomplices and should be given a lighter or mitigated punishment. Daily economic news comprehensive China judicial document network, Beijing daily source: Daily Economic News responsible editor: Wang Xiaowu_ NF

Chen Taoming, the defendant of the original trial, harboured and transferred the stolen money obtained by others when he knew that it was the stolen money obtained by others. The circumstances are serious, and his behavior constitutes the crime of concealing and concealing the crime. Chen Bo, Ding zanqing, Peng Yixuan, Gu Zhijiang, Yuan Yuan, Lu Jiaolong, Zheng Jing, Wang Renhu and Lu Wanlong are the main criminals. He Sisi, Liu Jia, Liu Shuai, Peng Bo and Wu Jianhong play a secondary role in the joint crime. They are accomplices and should be given a lighter or mitigated punishment.

Daily economic news comprehensive China referee document network, Beijing Daily