Express
Shanghai Prosecutors Announce Fraud Case Involving Investment in Virtual Currency, Totaling Over 35 Million RMB
Summary: According to reports, Shanghai prosecutors held a series of press conferences yesterday, disclosing relevant cases. From 2020 to 2024, the Minhang District Prosecutor's Office in Shanghai accepted a total of 237 cases involving financial crimes, leading to the arrest of 375 individuals, and prosecuted 311 cases involving 704 individuals. Among them, crimes involving virtual currencies ...
According to reports, Shanghai prosecutors held a series of press conferences yesterday, disclosing relevant cases. From 2020 to 2024, the Minhang District Prosecutor's Office in Shanghai accepted a total of 237 cases involving financial crimes, leading to the arrest of 375 individuals, and prosecuted 311 cases involving 704 individuals. Among them, crimes involving virtual currencies and digital collectibles, carried out under the guise of technological innovation, have gradually emerged.
In a new type of financial fraud case where victims were deceived into investing in virtual currency, the defendants, including Wu and others, during their operation of a certain e-commerce company in Shanghai, fraudulently obtained funds totaling over 35 million RMB by issuing their own worthless cryptocurrency GDFC. The related funds were transferred into the personal accounts of those involved in the case. Their actions constitute fraud, and the Minhang District Prosecutor's Office in Shanghai has already filed charges against them for fraud.
Tags:
Link: Shanghai Prosecutors Announce Fraud Case Involving Investment in Virtual Currency, Totaling Over 35 Million RMB [Copy]
