17 people prosecuted in public trial of bitcoin investment fraud case in Jiangxi

Recently, the first instance of the case of Guo, Liu, Zhang and 17 others suspected of fraud, which was prosecuted by the Ganzhou Economic Development Zone Procuratorate, was heard in public at the Ganzhou Economic Development Zone Court. Deputy Chief Prosecutor Zhang Wei appeared in court as the prosecutor. In order to implement the needs of epidemic prevention and control, the entire trial was conducted via remote video link with the detention center.
Guo recruited 17 people including Liu and Zhang (another person was dealt with in a separate case) through Jiangxi One Year Later Communication Technology Co., Ltd., which he actually controlled, and started to carry out fraud activities in July 2019. Guo and others launched the so-called "Ditoken" platform software to trick investors into investing in " Bitcoin " through the platform.
It was found that from July to September 2019, Guo and others defrauded more than 20 victims of a total of 2.85751 million yuan.
According to the design of Guo and others, the funds were first deposited by investors into the Alipay account of the defendant Liu or Zhang, converted into the so-called "Tether" that can be used and withdrawn on the "Ditoken" platform, and then the "Tether" was used to buy or sell "Bitcoin" on the "Ditoken" platform. The platform will then display the international market conditions of "Bitcoin" for investors' reference, and the "Tether" held by investors can also be withdrawn into RMB.
In fact, Guo and others did not actually use the investment funds to purchase Bitcoin. Instead, they used modification tools to modify the Bitcoin market data on the platform, artificially manipulated transactions to cause investors to lose money, and embezzled the investment funds. When investors withdrew Tether, Guo and others also set restrictions to prevent investors from withdrawing money, and further lured investors to increase their investment, causing investors to lose more money.
In order to expand the capital pool and gain greater profits, Guo and others carried out a strict division of labor among the company's employees.
First, the salesperson disguised themselves as beautiful single women and used online social software such as Momo and WeChat to attract male users to chat, and then pulled the male users into the WeChat group; Guo, Wu and others pretended to be investment "mentors" in the WeChat group, responsible for shouting orders and providing one-on-one guidance to customers, claiming that they knew the trend of "Bitcoin" and that they could make a lot of money by following the trend; some salesmen pretended to be investors and sent screenshots of orders, following orders, and profits, flattering and cooperating with the "mentors" to create the illusion of making money on the platform; technicians were responsible for modifying market data, manipulating transactions and providing network technical support.
The procuratorate believes that the defendants Guo and Wu and 17 others used Internet network technology to forge identities, fabricate facts, set up scams, participate in remote, contactless fraud, and jointly defraud public and private property. The amount of fraud reached 285,751 yuan. Their behavior violated Article 266 of the Criminal Law of the People's Republic of China. The criminal facts are clear, and the evidence is solid and sufficient. The defendants should be held criminally responsible for fraud. The court announced that the verdict will be announced at a later date. (China Jiangxi Network)