Since the rise of Bitcoin, the virtual currency boom has continued and blockchain stations have become new outlets. However, these "new things" have also been exploited by criminals to carry out new types of fraud. On May 14, Shenzhen Nanshan Police held a news briefing and informed of a fraudulent fund-raising case in which fraudulent fraud was carried out under the pretext of issuing virtual currency.
The virtual currency involved was “Pure Coin”, which was issued by Shenzhen Puy Block Chain Co., Ltd. through its official website and the acquired “Quinnet” P2P platform. According to yesterday's briefing, the current number of victims is over 3,000. The amount involved is about 307 million yuan, and the highest single loss is about 3 million yuan. On March 28, the police successfully captured 6 criminal suspects and seized some 100,000 tea cakes. At present, other criminal suspects are being pursued to recover their money.
What does "Phoenix Coin" come from?
"Pop", also known as "Pu'er". Yes, it is related to tea.
According to its official website: Pu Yin is a quality digital Tibetan tea asset that is stored, authenticated, assessed, and authorized by the three parties, and is distributed digitally as a standard digital currency. It is understood that its original basic asset is 1 billion Tibetan tea.
In other words, Silver coins claim to be different from Bitcoin, not pure virtual digital currency, and have physical asset binding. It is alleged that a Tibetan silver coin corresponding to 1 yuan worth of Tibetan tea is determined by the value of its equivalent tea assets in terms of issue volume, original issue price, and market circulation price.
Now, the official website of P&G Group has not been found, but according to Quqian.com, P&G Group is a wholly-owned subsidiary of Shenzhen Fenghui International Color Pty Ltd. It is the first domestic collection of theory and technology, market development Trinity blockchain industry promotion agencies.
Industrial and commercial registration information shows that Pu Yin Group was established in September 2015. Legal representative Ye Qiang has a registered capital of RMB 100 million. The business scope is very extensive, covering blockchain technology, tea technology, cultural industry, equity investment, industrial development, freight forwarding, digital currency and other fields.
public information revealed Group CEO Ye Qiang is a well-known art finance expert in China. He once worked for Giant Group, Dawn Networks, and Huawei. In 2000, he began to contact the cultural relics and art industries; in 2002, he became the general manager of Yachang Art Network Co., Ltd.; in 2007, he founded Tianlu Linyi Culture and Art Communication Co., Ltd. and engaged in the practice of securitizing works of art; in 2009, he participated in the preparation of the Beijing and Shenzhen Cultural Property Exchange.
Great promotion, which was fined 1.2 million for illegal advertising
According to the police, Without obtaining a financial license issued by the state administrative department, P&G Group has publicized its large number of Pu'er Tea through the Internet, WeChat and other platforms (now blocked). At the same time, an unqualified company was hired to conduct a “reference assessment” on a small sample of tea from the batch of tea, and the tea was valued at RMB 1 billion. Through the digitization of assets, the “Pure Currency” was created (later renamed “Pop Silver”).
In the official introduction, Pu Silver Co. claimed that it corresponds to the physical assets of Tibetan tea, with a complete business model, high circulation value, and broad value-added prospects; Huiyin International began preparations for listing; Pu silver coin was launched on the Korean platform in September 2016 and will be launched in Singapore and Japan in the future.
After reading these introductions, is there a familiar recipe and familiar taste? Claiming that they have physical asset counterparts, the Pan-Asian illegal fund-raising case that once caused a sensationSimilarly, the parent company of the Group made an endorsement of its strength, is preparing for listing, and obtained international recognition. The same is true for the illegal fund-raising fraud case of the “Billion Billion Wealth Management Platform” managed by Shanghai Putuo Police in February this year.
At the same time, Pu Silver Group made great publicity on the Internet, social platforms, and investment forums, and even hosted road shows at star hotels, and promised a short period of high returns. Only Fun Money Online's "Pub-Yin-Bao" product promises a 12% return on one-year deposit, as follows:
However, these dreadful renditions and money-making routines have caused large numbers of investors to flock again and again. Incoming.
According to the business registration information, in November 2017, P&G Group was fined 1.2 million yuan by the Shenzhen City Inspection Bureau for illegal advertising.
April 25, National In the first batch of typical false advertising cases issued by the General Administration of Market Supervision in 2018, the investment promotion investment ads issued by Pu Silver Group contained “3 billions of Tibetan tea belonging to the Genesis blockchain of Fenghui International Group. As untrue content such as "home-based assets," the website is also used to publish investment advertisements that contain guaranteed commitments for future earnings.
"Blockchain" + tea fraud trilogy
Manipulate the coin price and cash out Strong>
Since the creation of Baidu Post Bar in July 2017, there are often coin holders who exchange experience in posting bars. "Purple silver rose a wave today", "today fell to the dead again", "when did you get back to life?" With the stock market ups and downs in general, investors broke their hearts.
However, in fact, the police began to intervene in the survey of silver coins in June 2017. On the 15th of the month, the Nanshan police received reports from the people and the Bank of China had illegal fund-raising. The police immediately set up a task force to openExhibition investigation work.
It was not until December last year that coin holders began to question the Silver Coin, but some people still have the illusion of retrieving it.
Look at how this fraudulent fund-raising operation operates?
First Step: Put on the “Vest”
Put the virtual currency on fresh elements and put on the coat of “blockchain”. The company claimed that its “Pu'er coin” (later renamed as “Puyin coin”) was a virtual currency that claimed to be used as a mortgage for billions of possession of tea, and that each individual silver coin held by the investor was equivalent to possession of tea. As a mortgage. Investors can put the silver coin on the poly coin network (virtual trading platform) to buy and sell, in order to make a difference.
Step 2 : Infuse debut
In the early stage of crazy propaganda, attract a lot of hot money into the plate. This company has set up publicity campaigns on the Internet, social platforms, and investment forums, and even made road shows at star hotels, and promised high returns in a short period of time.
The third step: attracting the guilty
The suspect pulled up the currency price in the early period, allowing the “investor” to enjoy some sweetness.
According to reports, the silver coin once soared from 0.5 yuan to 10 yuan. The Prucas Group also promised to split the general silver coin twice (one in ten) to increase the number of investors holding the coin by 100 times, and announced that it would support the purchase of 10 billion yuan of Tibetan tea.
A police investigation revealed that the change in the price of ordinary silver coins was not affected by the market. Instead, the company sent staff members to use investment funds to pull up and attract more hot money into the company. Buying money; and from the analysis of the capital bank involved in the case, Pu Silver Group only spent more than 50 million yuan of investment funds to supplement the possession of tea.
Fund Jun Logged in the only transaction platform “Dragoncoin” (displayed only for the most recent month) and found that the Silver Bullion continued to trade in the near future. The latest closing price of 0.028, which has almost no value.
In order to absorb more funds, Pu Silver Group also purchased the P2P platform Quqin.com, and released three products, namely "Token Tea Tickets," "Listed Tea Tickets," and "Digital Assets."
The "Token Tea Ticket" is a principal- and interest-bearing product with a three-year investment period of 1, 3, and 6 months and an annualized return of 8% to 15%. Rate; "listed tea ticket" is a derivative of the "currency tea ticket." According to the police’s introduction, QuqianNet will be assigned a “listed tea ticket” in accordance with 20% of the total number of “tobacco tea tickets” held by the purchaser, similar to the A-share market share allotment. Due to the high profit of “listed tea tickets”, the main reason for buying “tobacco tea tickets” is to obtain “listed tea tickets”.
Founder of the fund found that the "listed tea ticket" of Quqian.com could not be purchased directly, but showed that "this product only supports placement."
Step 4: Reap "Leek"
The final step is to "cut the leeks." When a large number of investors entered the market, the company maliciously manipulated the price trend and continuously cashed out, resulting in the value of the silver coins in the hands of investors being worthless and causing heavy losses. The company claimed that funds used for tea investment had been discovered by the police for other purposes.