Is volunteering for Fuka a pyramid scheme?

As of 20 18, 165438+ 10, 1, Yiwu Fuka Network Technology Co., Ltd. has not been recognized as a pyramid scheme, but the "Fu Bi" introduced by Yiwu Fuka Network Technology Co., Ltd. is virtual currency, and the central bank has repeatedly issued warnings about the risk of virtual currency. Shenzhen Luohu District Court also tried a case of pyramid selling and illegal fund-raising in Fu Bi. The following are news reports:

On August 20, 20 18, the official account of wechat, the wechat of Shenzhen people's procuratorate released the notice of rights and obligations of victims of Weng Tao and others suspected of fund-raising fraud. The reporter learned from the circular that the suspect Weng Tao and others issued the virtual currency "Glory Coin" to the society through Shenzhen Glory Investment Holding Group Co., Ltd., and at the same time, they developed glory coin members nationwide through pyramid schemes.

Later, Weng Tao and others bought Foster Holdings Limited, which issued "Fu Bi", merged the original two virtual currencies "Guangbi" and "Fu Bi" and their members, and introduced "Kaifu K" points to the society. Later, they used the raised funds to buy part of the equity of Hebei Panbao Zeolite Mine, and exchanged points for the equity of Boiling Mine, and continued to raise funds illegally. Later, they failed to pay the investors' investment money on time, which caused huge losses to investors.

Due to the large number of victims in this case, according to the relevant provisions of the Criminal Procedure Law of People's Republic of China (PRC), some victims could not be delivered after being contacted by the Shenzhen People's Procuratorate. The procuratorate decided to inform the victim of this case of his right to entrust an agent ad litem and his right at the stage of examination and prosecution by way of announcement.

Extended data:

On August 24th, 20 18, the website of China Banking and Insurance Regulatory Commission, China issued a risk warning to remind the general public to guard against illegal fund-raising in the name of "virtual currency" and "blockchain".

The original text is as follows:

Risk tips for preventing illegal fund-raising in the name of "virtual currency" and "blockchain"

The CBRC, the Central Network Information Office, the Ministry of Public Security, the People's Bank of China and the General Administration of Market Supervision suggest that:

Recently, under the banner of "financial innovation" and "blockchain", some lawless elements have absorbed funds by issuing so-called "virtual currency", "virtual assets" and "digital assets", infringing on the legitimate rights and interests of the public. This kind of activity is not really based on blockchain technology, but on the reality of illegal fund-raising, pyramid selling and fraud based on the concept of hype blockchain, which mainly has the following characteristics:

First, networking and cross-border are obvious. Relying on the Internet and chat tools to conduct transactions, and using online payment tools to receive and pay funds, the risks spread widely and spread quickly. Some lawless elements set up websites by renting overseas servers, which are actually aimed at domestic residents to carry out activities and remotely control and implement illegal acts.

Some individuals claim in the chat tool group that they have obtained the investment quota of overseas high-quality blockchain projects, which can be invested on their behalf, most likely fraudulent activities. Most of the funds for these illegal activities flow abroad, and it is very difficult to supervise and track them.

The second is deceptive, seductive and concealed. Make use of popular concepts to speculate and fabricate various theories of "standing high". Some people also use the celebrity big V "platform" for publicity, and airdrop "candy" as a temptation, claiming that "money only goes up but not down" and "short investment cycle, high income and low risk" are extremely confusing.

In practice, criminals illegally seek huge profits by manipulating the price trend of so-called virtual currency behind the scenes, setting the threshold of profit and cash withdrawal. In addition, some criminals also issue tokens under the guise of ICO, IFO and IEO. Or, under the banner of * * * enjoying the economy, speculating on virtual currency in IMO mode is very concealed and confusing.

Third, there are many illegal risks. Through public publicity, criminals use "static income" (profit from speculative currency appreciation) and "dynamic income" (profit from off-line development) as bait to attract public investment, lure investors and developers to join, and constantly expand the pool of funds, which is characterized by illegal fund-raising, pyramid selling, fraud and other illegal acts.

This kind of activity takes "financial innovation" as the gimmick, which is essentially a Ponzi scheme of "borrowing the new and returning the old", and it is difficult to maintain the capital operation for a long time. Please treat the blockchain rationally, don't blindly believe in the promise of speculation, establish a correct concept of money and investment, and effectively raise risk awareness; Found clues to illegal crimes can be actively reported to the relevant departments.

Shenzhen News Network-Weng Tao, a member who developed "Glory Coin" through pyramid schemes, was put on file for investigation on suspicion of fund-raising fraud.

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