Zhenjiang City, Jiangsu Province cracked a case of illegal fundraising using virtual currency, involving more than 40 million yuan

According to the Yangtze Evening News, under the guise of "1 FIL coin can get 2 times the income, and developing downlines can get 4 times the team income", a special company was jointly established. Through the self-developed App, it attracted more than 10,000 members from Jiangsu, Guizhou, Hunan and other provinces and cities in less than a year, and the amount involved was more than 40 million yuan. On July 20, the reporter learned from the Jingkou District Procuratorate of Zhenjiang City, Jiangsu Province that after the prosecution was filed by the procuratorate, the court recently sentenced Li and 8 others to three years in prison for the crime of illegally absorbing public deposits, with a three- to five-year suspended sentence, and a fine of 210,000 to 250,000 yuan. Recently, the court adopted all the opinions and sentencing recommendations of the procuratorate.