#Suqian Court Cracks Down on Pyramid Scheme#
Hot Topic Overview
Overview
The Suqian Court recently cracked down on a network pyramid scheme case under the guise of investing in virtual currency financial projects. 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, thereby luring members to pay 100 USDT for financial management and earn static income. As of the time of the case, the platform had over 3,000 active members, 33 layers in total, and had absorbed nearly 3.16 million USDT. After trial, the Sucheng Court sentenced the defendants in the case to prison terms ranging from five years and three months to three years for the crime of organizing and leading pyramid schemes, and fined them between 170,000 yuan and 100,000 yuan.
Ace Hot Topic Analysis
Analysis
The Suqian Court recently cracked a network pyramid scheme case that used investment in virtual currency wealth management projects as a disguise. The criminal suspects created a network platform called "ACORNS", issued virtual currencies such as "ACO", and lured members by claiming that they could participate in wealth management and obtain high returns. They required members to pay 100 USDT for wealth management in order to obtain static returns. The platform attracted over 3,000 participants, with a total of 33 levels, and accumulated nearly 3.16 million USDT in funds. The court found that this behavior constituted the crime of organizing and leading pyramid schemes, and sentenced 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 serves as a reminder to be wary of investment projects that promise high returns and to avoid falling into pyramid schemes.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Virtual currency financial management projects may become a cover for online pyramid schemes
Promises of high returns are often the bait for pyramid schemes
Pyramid schemes can cause economic losses and social harm
Courts will severely crack down on pyramid scheme crimes