The second-instance court of the "OneCoin" case upheld the verdict and sentenced Liu Mouyan and three others to fixed-term imprisonment ranging from

Recently, the Intermediate People's Court of Haikou City, Hainan Province, upheld the original verdict of the first trial in the "Wika Coin" case, sentencing Liu Mouyan, Huang Mouzhi, and Liu Mourui to imprisonment ranging from 3 to 13 years and fines for committing the crime of illegal fundraising fraud.In the first trial, Liu Mouyan was found guilty of the crime of illegal fundraising fraud and sentenced to 13 years in prison and a fine of 700,000 yuan; Huang Mouzhi was found guilty of the crime of illegal fundraising fraud and sentenced to 8 years in prison and a fine of 500,000 yuan; Liu Mourui was found guilty of the crime of illegal fundraising fraud and sentenced to 3 years in prison and a fine of 100,000 yuan. After the verdict, Huang Mouzhi appealed.The Haikou Intermediate People's Court believes that the fact that the appellant Huang Mouzhi and the original defendants Liu Mouyan and Liu Mourui illegally raised more than 16.62 million yuan by using fraudulent means for the purpose of illegal possession has been clearly established, and their behavior has constituted the crime of illegal fundraising fraud, so the original verdict is upheld.Earlier in August 2022, the Qiongshan Branch of the Haikou Public Security Bureau in Hainan Province successfully cracked down on a virtual currency investment fraud case, arresting 9 suspects. The criminals guided middle-aged and elderly people to invest in the virtual currency "Wika Coin" for profit, involving more than 20 million yuan and more than 100 victims.