A criminal gang used a fake Digital Money platform as a disguise to commit fraud, and the principal offender was sentenced to 11 years and 6 months.

On May 8, the Loudi Intermediate People’s Court in Hunan Province, China, released a typical case of telecom network fraud and related crimes, in which Liu and three others set up a fraud studio in Yuelu District, Changsha, and carried out fraud under the guise of the Hconex digital currency platform through the identity of “Asian beauty”. By manipulating the background data, the criminal gang made all the virtual currencies invested by the victims “lose”, and defrauded a total of more than 100 yuan. The People’s Court of Shuangfeng County, Hunan Province and the Intermediate People’s Court of Loudi City ruled in the second instance: the main offender Liu was sentenced to 11 years and 6 months in prison and fined 300,000 yuan; Kang was sentenced to 11 years and 2 months in prison and fined 300,000 yuan; Zeng was sentenced to 7 years and 6 months in prison and fined 90,000 yuan. The illegal gains of the three were recovered in accordance with law.