A virtual currency fundraising fraud case involving more than 85 million yuan has been transferred to Luohu Procuratorate for review and prosecution

The criminal suspect Hu Rong's fund-raising fraud case has been transferred by the Luohu Branch of the Shenzhen Municipal Public Security Bureau to the Luohu District People's Procuratorate for review and prosecution. The investigative agency determined that since 2017, Jiang Wei (indicted) and Huang Xiaofei (indicted), together with criminal suspect Jiang Wanhao (pseudonym: Jiang Guoqing, handled in another case), held promotion meetings and forums in many places to educate victims Promote the blockchain virtual currency project of Hong Kong Intelligent Technology Co., Ltd. for online trading, brag about high returns, and lure participants to continue investing. The criminal suspect Hu Rong, as a key member of the development of the criminal gang, actively promoted investors and collected investment funds from investors. According to the reporting materials and the Chinese enterprise reporting hierarchy chart, Hu Rong Studio received a total of 85,834,460.63 yuan, paid 24,294,316.93 yuan, and received a net income of 61,540,143.70 yuan from investors. Due to the large number of victims in this case, according to the relevant provisions of the "Criminal Procedure Law of the People's Republic of China", after contacting this court, there are still some victims who cannot be served, and an announcement will be made to inform the victims of the litigation rights and obligations of this case. (Shenzhen Luohu District People’s Procuratorate)