14.8 billion! Blockbuster pyramid scheme: 314200 bitcoin paid by members

category:Finance
 14.8 billion! Blockbuster pyramid scheme: 314200 bitcoin paid by members


The total amount of digital currency collected exceeded 14.8 billion

Plustoken was born in the guise of blockchain.

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.

As 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 the promotion expenses of relevant platforms and paying the staff expenses of other platforms with digital currency.

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 that year, the police of the ad hoc group went to several countries and regions, and successfully coordinated the 27 suspect suspect who had been hiding abroad. The 1 suspects were also arrested 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.

In this regard, the intermediate peoples Court of Yancheng City, Jiangsu Province, held that the reasons for appeal and the defense opinions could not be established.

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. Source: Daily Economic News comprehensive China judicial document network, Beijing daily article source: Daily Economic News responsible editor: Zhong Qiming_ NF5619

Source: Daily Economic News comprehensive China referee document network, Beijing daily