Authorities arrested some implicated in Ponzi PlusToken scheme in China
Chen Shaofeng, Luu Jianghua, Lu Jianghua, Lu Qinghai, Jin Xinghai, Wang Yin and Zhang Qin were the accused
On September 7, Chinese authorities arrested 109 people for allegedly being involved in the PlusToken cryptocurrency Ponzi scheme, of which six were implicated in the case for “organizing and leading the criminal pyramid scheme” as indicated by the authorities.
Among the accused of stealing USD 5.8 billion are Chen Shaofeng, Luu Jianghua, Lu Jianghua, Lu Qinghai, Jin Xinghai, Wang Yin and Zhang Qin, who were indicted by prosecutors in Xiangshui County and the city of Yancheng.
The network of scammers had already been in the sights of the security forces since last year and it was just in May they managed to arrest the leader, while another six suspects were extradited to China from Vanuatu in July 2019.
In 2018 PlusToken released its strategy through a statement where it claims to have a cryptocurrency exchange from South Korea offering public interest accounts that generate returns of between 10% and 30% per month, in the form of its token. native “PLUS”.
By May 30, 2019, the scam network had already received more than 200,000 Bitcoins (BTC), 789,000 Ether (ETH), and 26 million Eos (EOS) from approximately $ 3 million from unsuspecting investors.
K. Villarroel
Source: cointelegraph
