Sichuan police busted a criminal gang that used to speculate on "air coins", involving more than 200 million yuan in funds

The Public Security Bureau of Yuechi County, Sichuan Province successfully eliminated a pyramid scheme criminal gang that promoted "air coins" under the guise of virtual digital currency value-added services, arrested 11 key members of the gang, froze more than 12 million yuan in funds, and recovered more than 8 million yuan in stolen money. Nationwide More than 10,000 people participated, and the capital scale reached more than 200 million yuan. On December 14, 2023, the Yuechi County Public Security Bureau received reports from a group of people saying that they could make a steady profit by buying "Yamacoin" recommended by netizens, and could withdraw cash at any time. The money deposited into the platform could also be calculated through computing power. Carry out mining operations to continue to obtain "Yamacoins" and continuously generate profits. You can also invite others to purchase “Yama coins” to increase your level and computing power, and obtain commissions and cashbacks. In order to win the trust of the public, the "Yama Coin" pyramid scheme group uses the method of "removing the east wall to pay for the west wall" to realize the rights of members, that is, using the "investment money" of subsequent members to return to the members who refunded the money in front of them. "Yamacoin" is just a cover, and its purpose is to "trap money." The members' funds raised do not have any physical investment projects and will not generate any profits. With the efforts of the police, this pyramid scheme criminal gang, which was under the guise of hyping "air coins", was successfully eliminated, 11 key members of the gang were arrested, 1 committing vehicle, 10 laptops, 31 mobile phones were seized, and more than 12 million yuan of funds were frozen. More than 8 million yuan in stolen money was recovered. (China Changan Net)