Shenzhen Authorities Launch Major Crackdown on Financial Crime Network Spanning 30 Defendants

rekt_but_not_broke · 2026-01-30T16:10:11+00:00

Shenzhen law enforcement has charged 30 individuals, including Sui Guangyi and Ma Xiaoqiu, in a major financial fraud scheme involving deceptive investment products. Authorities are dismantling the operation and recovering assets for victims.

rekt_but_not_broke

2026-01-30 16:10:11

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A significant law enforcement operation in Shenzhen has resulted in formal charges against dozens of individuals implicated in an elaborate financial fraud scheme. According to reports from Shenzhen’s prosecutorial offices, Sui Guangyi, Ma Xiaoqiu, and 28 co-defendants now face serious criminal charges related to their involvement in coordinated financial crimes.

The Fraudulent Operation Structure

The alleged criminal enterprise operated through Ding Yifeng Asset Management and its network of affiliated entities, which served as the operational backbone for the illegal activities. The suspects reportedly orchestrated deceptive investment schemes centered around fraudulent financial products and so-called “DDO Digital Options” tokens that possessed no legitimate value. These instruments were marketed to unsuspecting investors through misleading representations of returns and security.

Enforcement Action and Asset Recovery

In response to these violations, authorities have implemented comprehensive measures to dismantle the operation and recover illicit proceeds. Prosecutors in Shenzhen have successfully confiscated real estate holdings, motor vehicles, and equity stakes linked to the defendants. Additionally, bank accounts connected to the suspects have been frozen to prevent further asset transfers and ensure funds are available for victim compensation.

The case underscores Shenzhen’s commitment to combating financial fraud in the digital asset space, with authorities demonstrating swift and decisive action against large-scale criminal enterprises targeting retail investors.

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