Shenzhen Luohu Procuratorate: Hu Rong’s virtual currency fund-raising fraud case has been transferred for prosecution, with the amount involved excee
People's Procuratorate of Luohu District, Shenzhen, announced on its official account that it has issued a "Notice of Rights and Obligations of Victims" in the case of the suspected crime of illegal fundraising by Hu Rong, who has allegedly defrauded a large number of victims. It is reported that the case of Hu Rong's suspected crime of illegal fundraising has been transferred from the Luohu Branch of Shenzhen Public Security Bureau to the People's Procuratorate of Luohu District for review and prosecution. The investigating authority has determined that the criminal gang has promoted a blockchain virtual currency project that trades on Hong Kong Zhichuang Technology Co., Ltd., boasting of high returns and enticing attendees to invest continuously. According to the materials reported and the hierarchical chart of China Enterprise News, Hu Rong's studio received a total of CNY 85,834,460.63, paid CNY 24,294,316.93, and netted CNY 61,540,143.70 from investors.
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