Shandong Dongying police cracked the city's first virtual currency fundraising fraud case, involving more than 200 million yuan
It was reported that the Economic and Technological Development Zone Branch of the Dongying Public Security Bureau in Shandong Province successfully solved the city's first virtual currency fundraising fraud case. Currently, the main culprit, Wang Moumou, has been sentenced to eleven years and six months in prison. In February 2023, the Economic and Technological Development Zone Branch of the Dongying Public Security Bureau's Investigation and Supervision Brigade discovered that the suspect Wang Moumou had registered a company and issued virtual currency token CET without obtaining a financial license, promising high returns to investors, which is suspected of virtual currency fundraising fraud.
After investigation, in September 2021, Wang Moumou commissioned a certain network company to develop a certain APP and issue virtual currency token CET based on the Tron network. By organizing provincial agents to promote the APP and virtual currency CET through video conferences, WeChat, and other means nationwide, a large number of shareholders (operators) were developed, promising that the profits from investing in CET would grow exponentially, attracting victims to invest. The police investigating the case obtained 1039 registered member information and confirmed 241 people who invested in CET, involving 23 provinces, municipalities, and autonomous regions, with a total amount of more than 200 million yuan.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show
Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype

ETH Trades at Historic Lows vs BTC Since 2019
ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls

Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis
BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment

SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy
Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation

Trending news
MoreCrypto prices
More








