First, the Plus Token case fermentation process
On June 27, 2019, the Plus Token wallet was run and could not be withdrawn. On the same day, Vanuatu law enforcement agencies arrested a number of suspected criminal Chinese, including the use of the Plus Token network platform for pyramid scheme criminal suspects. On July 6, 2019, the Vanuatu police handed the suspect to the Yancheng police, but according to the Odaily Planet Daily, the return was only an important trader of the Plus Token fund, not the principal, the boss behind the scenes had not been arrested, suspected to abscond, the police It is going all out to hunt down .
- 2020 spotlight: PlusToken, a $ 2 billion Ponzi scheme, may become a cloud over bitcoin prices
- Graphic Tracking PlusToken Asset Transfer Tracking (1): There are 1,203 inflows in the BTC section.
- PlusToken project risk analysis: multi-layer promotion mode MLM gameplay, smart dog moving bricks and holes
- PlusToken crashes, promise me not to be cheated again in the future?
- PlusToken has over 10 billion funds to track, and the first fund of the currency circle has affected 3 million people.
- PlusToken still has more than 60,000 BTC unsuccessfully transferred, or it will affect the crypto market
At this point, the Plus Token case is still fermenting. According to the "Regulations on the recent Plus Token case" publicly replied by the Yancheng Public Security Bureau on July 12, public security agencies in Hunan, Beijing, Jiangsu and other places have launched investigations into the Plus Token case.
Second, Plus Token mode of operation
Third, the "Plus" currency illegal analysis and criminal identification
According to Article 7 of the Regulations on Prohibition of MLM, “the following acts are classified as pyramid schemes: (1) Organizers or operators, through development personnel, require the development personnel to develop other personnel to join, and the development personnel directly or indirectly develop The number of personnel is calculated on the basis of compensation and payment (including material rewards and other economic benefits, the same below), to obtain illegal benefits; (2) organizers or operators through development personnel, require the development personnel to pay fees or to subscribe for goods, etc. In disguised payment of fees, obtain the qualification to join or develop other personnel to join, and obtain illegal benefits; (3) Organizers or operators through development personnel, require the development personnel to develop other personnel to join, form a relationship between the upper and lower lines, and the sales of the following lines Performance is based on calculation and payment of online rewards , and illegal interests are taken." Plus Token's operation mode meets the requirements of paragraph 2 , users need to recharge the 3,500 yuan of Plus coins or transfer the equivalent digital assets into the Plus Token wallet. In order to open the "smart brick" arbitrage function of "smart dog", That qualify for the Plus Token; Plus Token mode of operation of two subject to section 1, paragraph 3, Plus Token development of offline user, obtained directly or indirectly with its rolling development of the number of personnel and offline sales Based on the "transparation of bricks" income, handling fee dividends and rebates. Therefore, Plus Token is a typical MLM event .
In terms of criminal identification, one of the 224th articles of the Criminal Law stipulates: “ Organization and leadership in the name of marketing activities such as selling goods and providing services, requiring participants to obtain participation by paying fees or purchasing goods and services. Qualifications, and in a certain order to form a hierarchy, directly or indirectly based on the number of development personnel as a basis for remuneration or rebate, to induce and coerce participants to continue to develop others to participate, to defraud property, to disrupt the economic and social order of pyramid schemes , for a period of five years or less Incarceration or criminal detention, and fines; if the circumstances are serious, the sentence is imprisonment for more than five years, and fines." According to this, the founder of Plus Token and other relevant personnel have violated the organization and led the pyramid scheme .
With the popularity of blockchains and cryptocurrencies, blockchains and cryptographic currency slogans, in fact, projects for MLM activities are not just Plus Token. Recently, the People’s Court of Zhifu District of Yantai City publicly tried to organize and lead the pyramid scheme , and the five defendants, including Wang Mogang, issued a virtual digital currency “alliance ticket”, organized and led the pyramid scheme to absorb funds of 280 million yuan. Judgments and judgments are punishable by fixed-term imprisonment ranging from three to seven years, and penalties ranging from 100,000 to one million. At the same time, the money involved in the case is confiscated and turned over to the state treasury.
In the face of the current wide variety of investment projects, investors should make rational judgments, correct district blockchain projects and pyramid schemes to prevent blind investment damage .
Author: Chen Yunfeng
