The Supreme People's Procuratorate released a typical case of "Promoting the Spirit of the Constitution and Implementing the Constitution", one of which involved virtual currency MLM

On December 3, the Supreme People's Procuratorate held the 33rd Procurement Open Day with the theme of “Promoting the Spirit of the Constitution and Promoting the Modernization of the National Governance System and Governance Ability”, and released a typical case of “Promoting the Spirit of the Constitution and Implementing Constitutional Provisions”. One of the cases: Lu Moumou, Cheng Moumou, etc. used "virtual currency" to organize and lead MLM activities, involving a total amount of more than RMB 320 million. The Supreme People's Court said that some criminals used new terms and concepts such as "blockchain", "virtual currency", "consumer investment", and "philanthropic assistance" as gimmicks, and used high returns as bait to attract ordinary people through various publicity and training . Procuratorial organs will severely crack down on such pyramid schemes, fraud, and illegal fund-raising crimes that take the new concept as a gimmick, show the majesty of the law, and effectively safeguard the property of the people and maintain a good social and economic order.