Shaanxi Dingbian County People's Procuratorate cracked a fraud case, criminal suspects used blockchain or virtual digital currency investment for fraud

According to the Shaanxi Procuratorate, on December 12, the people's procuratorate of Dingbian County approved nine arrests in a cross-border telecommunications fraud case in accordance with law on charges of fraud. It is reported that since June 2018, nine suspects, Deng and Tan, have been employed by the same company at different times, leaving the Philippines under the guise of traveling abroad. It has profited by registering false information, WeChat, adding friends, pulling groups, live stock consultation, inducing victims to invest in blockchain or virtual digital currency, and manipulating prices in the background to create the illusion of loss. The criminal gang carried out a typical "pig killing" type of fraud under the guise of investment and wealth management. Since August and September this year, the criminal gang has again used computer software to make voice fraud calls to implement the aforementioned investment and financial fraud. On September 16, 2019, persons involved in the criminal gang were brought back to China, waiting for their legal sanctions.