Super fund-raising fraud case broke! Six people from the “Popco” team were captured and 300 million were defrauded!

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Super fund-raising fraud case broke! Six people from the “Popco” team were captured and 300 million were defrauded!

Introduction: Coin circle one day, the stock market for three years. In the blink of an eye, the holding money in the hands of the blindfolded can be doubled. For a time, all types of virtual currency that are “decentralized” under the “blockchain technology” banner are popular and difficult to distinguish between true and false. No return.

Super fund-raising fraud case broke! Six people from the “Popco” team were captured and 300 million were defrauded!

On Monday, Shenzhen Nanshan The police reported that it had cracked a fraudulent fund-raising fraud based on the issue of virtual currency: Shenzhen Pu Bank Block Chain Group Co., Ltd. (hereinafter referred to as "Pu Bank") issued virtual currency "Pd silver" through its acquired P2P platform." "Interesting money network", illegally absorbing public funds, the victim exceeded 3000, fraudulent funds 307 million yuan, has arrested 6 suspects. At present, other criminal suspects are being pursued to recover their money.

What does "Phoenix Coin" come from?

"Pop", formerly known as "Pu'er". If you read it correctly, it is related to tea.

Popco is known as “the world’s first digital currency”, a virtual currency that claims to be used as a collateral for billions of possession of tea, and is pure with Bitcoin. Different from virtual currency, it has physical assets bound.

Allegedly, 1 silver coin corresponds to Tibetan tea worth 1 yuan. Its circulation, original issue price, and market circulation price are determined by the value of the equivalent tea asset.

Super fund-raising fraud case broke! Six people from the “Popco” team were captured and 300 million were defrauded!

Industrial registration information, Silver 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 shows that General Bank Group CEO Ye Qiang is a well-known art finance expert in China and has worked for giants, Dawn Networks, and Huawei. 20In the year 00, 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 securitization of artworks; in 2009, he participated in the preparation of the Beijing and Shenzhen Cultural Property Exchange.

The rumors of “Puguang Paolu” Scams

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British coins have soared in the past two years, leaving many investors paying extra attention to the blockchain. Various virtual currencies have emerged overnight. Although the technical terms such as blockchain, digital encryption, etc. are hung up, investors are most concerned about the safety of funds.

Pd silver coins claim that they correspond to the physical assets of Tibetan tea, with high circulation value and broad value-added prospects. In addition, the parent company of the Bank of Shanghai Group has begun preparations for listing and has received international recognition. It started on the Korean platform in September 2016 and will be launched on the platforms of Singapore and Japan in the future. Through the rendering of these bright prospects, a large number of investors flocked to subscribe.

According to Nanshan police, Pu'er company has promoted the use of the P2P platform "Quanqin.com" to promote the general silver coin on the platform. At the same time, P&G also invested a large amount of advertisements in investment forums and social networking sites, and conducted roadshows in five-star hotels, creating a false impression of investors. It also promised investors a short period of high returns to attract investors. Only Fun Money Online's "Pub-Yin-Bao" product promises a 12% return on one-year deposit, as follows:

Super fund-raising fraud case broke! Six people from the “Popco” team were captured and 300 million were defrauded!

At Pudong Baidu Post Bar, investors exchanged their experiences with each other, "Why is the silver coin soaring today" and "How did it plunge today?" The common silver coins, which are similar to the ups and downs of the stock market, have caused investors to break their hearts.

Until December 2017, the hotspots discussed in the Post Bar began to change to “Can the coins in the U.S. wallet be returned?” Investors began to panic. They found Pu Yin’s office. The company’s boss had disappeared. Only 3/32 employees in the office were supporting the company and had already closed down. The rumors of "P & Silver Run" began four times.

Currently, FunChan is still open, but it is no longer available for purchase. The poly coin network used for trading by the common silver coin publishes an announcement to stop all station services on the home page.

After a survey by Nanshan Police, it was discovered that the change in the price of the common silver coins was not affected by the market, but that Pruco's staff used investment funds to conduct trades in order to achieve each The price of the U.S. banknotes rose from 0.5 yuan to 10 yuan. There were a total of two physical splits in the silver coin (one ten down). In this way, the ordinary silver coins held by investors have increased by 100 times. This means that the company should invest 100 times as much as it publicizes. The Tibetan tea was used as a supplement (by means of WeChat and others, the company claimed to invest 10 billion Tibetan tea).

Actually, P&G only used more than 50 million yuan in investment funds to supplement Tibetan tea.

To sum up, in order to allow investors to maintain trust, the company claims to add 10 billion Tibetan tea as a support, in fact they only have a small amount of tea in stock. When a large number of investors entered the market, the company maliciously manipulated the price movements of ordinary silver coins and continued to cash out. As a result, the silver coins in the hands of investors were worthless and suffered heavy losses.

Super fund-raising fraud case broke! Six people from the “Popco” team were captured and 300 million were defrauded!

Same recipe , familiar taste, "blockchain"+Tibet tea fraud

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Step 1: Put on the "jacket"

First, the virtual currency is packaged with fresh elements With the coat of “blockchain”, Putin claimed that its “Pu'er” (later renamed as “Pd”) is a virtual currency that is claimed to be used as a mortgage for billions of possession of tea, which is held by investors. Each of the regular silver coins has its own physical tea as a collateral. 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: Debuting at the Stage

The second step is to conduct crazy propaganda in the early stage, attracting 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.

Step 3: Leading Yourselves

The third step is that the suspect has pulled up the currency price in the early period, allowing investors to taste some sweetness. However, according to the results of the police investigation, the price change was the company's use of investors' investment funds to conduct trades. At one time, the price of Pu'er coins was increased from 0.5 yuan to 10 yuan. Through two splits (one demolition ten), the ordinary silver coins held by investors have been enlarged 100 times, and it has been declared that the addition of 10 billion yuan of Tibetan tea as a support, in fact, only a small amount of tea in stock.

Step 4: Harvesting"Chicken< b>"

After a large number of investors entered the market, the company maliciously manipulated the price movements of the common silver coins and continued to cash out. In the hands of investors, ordinary silver coins are worthless and suffer heavy losses. When the company issued the money, it said that the funds would be used for tea investment. However, during the investigation, it was discovered that the investors’ money was wasted by the company for other purposes.

The model is easy to copy and the investment needs to be cautious

After the 2015 “Hundred Rivers Money” scam, local police have uncovered Multiple virtual currency scams. The so-called virtual currency in the case has a distinctive feature. All of them are under the guise of innovation and promise high returns. In fact, they are Ponzi schemes.

These scams mainly capture the psychology of ordinary investors who do not understand virtual currencies and blockchains, resulting in investors being easily fooled. Not only that, the pattern of these scams is very easy to replicate, and it is likely to present a virus-like spread, investors need to be careful.