Under the guise of digital currency, criminal syndicates absorbed 1.2 billion yuan of MLM funds

On the news of January 10, under the guise of digital currency, members were secretly developed. The criminal group used the "Elfa Coin" virtual currency project to register more than 70,000 development members across the country, forming a 125-level MLM hierarchy and absorbing nearly 1.2 billion MLM funds yuan. A few days ago, the Prosecutor's Office of Hecheng District, Huaihua City, Hunan Province, filed a lawsuit against 15 defendants such as Jiang Moubo, a criminal group, in the name of investing in "Aerfa Coin" for the crime of organizing and leading a pyramid scheme.