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Shenzhen Prosecutor's Office in China Prosecutes Over 30 Defendants in Dingyifeng Non-Pooling Fundraising Case
BlockBeats News, January 23, Recently, after review by the People's Procuratorate of Shenzhen, Guangdong Province, China, the defendants including Sui Guangyi and Ma Xiaoqiu, who were involved in the illegal fundraising crimes using Shenzhen Dingyifeng Asset Management Co., Ltd., Hong Kong Dingyifeng International Holdings Group Co., Ltd., and their affiliated companies in Shenzhen and other places, were prosecuted to the Shenzhen Intermediate People's Court in accordance with relevant provisions of the Criminal Law of the People's Republic of China and the Criminal Procedure Law of the People's Republic of China for the crimes of fundraising fraud, illegal absorption of public deposits, money laundering, embezzlement, illegal border crossing, and providing false certification documents.
The core offender in the case, Sui Guangyi, claimed to be "one of the Big Dipper stars descended to earth," used the guise of promoting the "Zenith Investment Method" with high returns, illegally raised funds through fraudulent financial products and "DDO Digital Options" (air coins), and experienced a fund chain rupture leading to a collapse. Law enforcement agencies have seized a large number of assets.
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