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Loudi Intermediate Court: A certain fraud studio used a fake Digital Money platform to defraud victims of over 1 million yuan.
According to Wu, the Loudi Intermediate Court has released typical cases of telecommunications network fraud and related crimes. Liu and others set up a fraud studio in Changsha, impersonating Asian beauties to guide victims into investing in Virtual Money, and charged them on the fake platform "Hconex". The backend manipulated data led to total losses, with the amount involved exceeding one million yuan. The court sentenced Liu and others to prison terms ranging from 7 years and 6 months to 11 years and 6 months for fraud, and they were fined, with illegal gains being recovered.