TechFlow news, on September 5, according to the official website of the Supreme People's Procuratorate, the Huimin County People's Procuratorate in Shandong Province ruled this June on a cyber fraud case involving a fake national debt project. The criminal gang used the projects "Huimin Shenguo" and "Capital Supply Village" as covers, requiring victims to convert RMB into USDT for top-up transfers, promising a return of 10 million yuan for every 1,000 yuan invested.
The gang attracted over 1,900 participants nationwide within six months, involving more than 6 million yuan. In June 2025, the court issued first-instance judgments against seven main suspects, sentencing them to fixed-term imprisonment ranging from three to three and a half years, and imposing fines between 20,000 and 27,000 yuan.
