### Suqian Court Investigates Virtual Currency MLM Case#
Hot Topic Overview
Overview
Recently, the Suqian Court investigated and handled a case of network pyramid selling under the guise of investing in virtual currency financial management projects. The criminal suspects created the "ACORNS" online platform, issued virtual currencies such as "ACO," and promoted that they could participate in financial management to obtain high returns, requiring members to pay 100 USDT for financial management. By the time of the case, the platform had more than 3,000 active members, with a total of 33 levels, and had accumulated nearly 3.16 million USDT. The court ultimately sentenced the defendants to prison terms ranging from five years and three months to three years for the crime of organizing and leading pyramid selling activities, and fined them between 170,000 yuan and 100,000 yuan. This case once again reminds people to be wary of virtual currency investment projects that use high returns as bait, and to avoid falling into pyramid schemes.
Ace Hot Topic Analysis
Analysis
The Suqian Court recently cracked down on a network pyramid scheme case disguised as a virtual currency investment and financial management project. The criminal suspects created the “ACORNS” online platform, issuing virtual currencies such as “ACO” and promoting them as a way to participate in financial management and obtain high returns. They lured members to pay 100 USDT for financial management and receive static returns. The platform has effectively attracted over 3,000 members with 33 levels, accumulating nearly 3.16 million USDT in funds. After trial, the court found that the act constituted the crime of organizing and leading pyramid schemes, sentencing the defendants to prison terms ranging from five years and three months to three years, and fines ranging from 170,000 yuan to 100,000 yuan. This case once again reminds investors to be wary of virtual currency investment projects that use high returns as bait, to avoid falling into pyramid schemes, and to protect their own property safety.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Virtual currency pyramid schemes are rampant, and regulatory efforts need to be strengthened
Criminal activities such as pyramid schemes using investment in virtual currency financial products are commonplace
Pyramid schemes use the anonymity and cross-border nature of virtual currency to engage in illegal activities
Investors should be vigilant and avoid falling into pyramid schemes