[report] net Beijing on September 7th news (Guangzhou daily) the day before, the central bank and other seven ministries jointly issued a notice to stop all kinds of tokens to the issue of financing behavior, a clear announcement of this alleged illegal sale of promissory notes, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities. Yesterday, Zhongshan City Second People's court alleged virtual currency MLM cases, two suspects in the leading MLM activities in the first trial each jailed for a year.

Pyramid scheme "stellar currency" to the level of development of members

The court found that the defendant Luo Moumou Department of Zhongshan Clothing Co., Ltd. responsible person. In May 1, 2016, Luo Moumou defendant introduced in others registered a "Hu standard and other account, become a" Star "money" and "members, will be its own Luo Moumou account registered in the name of" Hu standard and other ". Subsequently, the defendant Luo Moumou released by WeChat "star coins" promotional materials (including registration link) or oral propaganda to others "star currency, investment income and development prospects about" star coins ", luring others registered as a" star currency "and" mining investment can buy membership star coins "machine" "in accordance with the composition of a certain order level, to develop the line number number of personnel and sales of" machine "as a rebate basis, the implementation of network marketing activities. In September 29, 2016, police officers in Zhongshan City Xiaolan Town Lianfeng road a restaurant parking lot to the defendant Luo Moumou arrested.

After verification, the defendant Luo XX level for "star currency" fourteenth level members, offline members 7 layers, the team number of 36 people (including the defendant Luo XX himself).

The court held that the defendant Luo Moumou to sell the "star currency" in the name, asked participants to buy "feeder" way to obtain eligibility for, and the composition of the level in a certain order, according to the number of direct rebate development personnel and sales of "machine" as, to lure participants to continue to participate in the development of others, to defraud property, his behavior constituted the crime of organizing and leading MLM, because of its justice truthfully confessed his crime, a good attitude, according to the law leniently sentenced him to one year imprisonment, and fined five thousand yuan.

The court found that, in April 2016, the defendant Kim Moumou introduced under other people's registration as a "star currency" members. Subsequently, the defendant Kim released by WeChat "star coins" promotional materials (including registration link) or oral propaganda to others "star currency, investment income and development prospects about" star coins ", luring others registered as a" star currency "and" mining investment can buy membership star coins "machine" "in accordance with the composition of a certain order level, to develop the line number number of personnel and sales of" machine "as a rebate basis, the implementation of network marketing activities. In October 9th of the same year, the public security personnel in a residential Zhongshan City Xiaolan Town, the defendant Jin Moumou arrested, and on the spot to collect the "star coins", the team members of the class and the number of "star coins" such as the number of electronic data. After verification, the defendant Kim XX for the "star currency" thirteenth level members, offline members of 4 layers, the team number of 31 people (gold or so).

The court held that the defendant Kim's behavior has constituted the organization and leadership pyramid schemes activities, should be punished according to law. After the defendant brought to justice, he could truthfully confess his crime and pleaded guilty to a better attitude. He could be given a lighter punishment according to law and sentenced Kim to be sentenced to imprisonment for one year and fined five thousand yuan.