Shenzhen Prosecutor's Office files charges against 30 individuals for deceptive financial products

SchrodingerAirdrop · 2026-01-31T12:12:30+00:00

Shenzhen authorities recently prosecuted 30 suspects, including Sui Guan Yi and Ma Xiao Qiu, for fraud and money laundering linked to deceptive financial products. The case highlights the risks of fraudulent schemes in financial markets.

SchrodingerAirdrop

2026-01-31 12:12:30

Abstract generation in progress

The Shenzhen People’s Procuratorate recently filed criminal charges against a total of 30 suspects, including Sui Guangyi and Ma Xiaochiu, on charges of fundraising fraud, illegal public deposit absorption, money laundering, and other crimes. This case is characterized by complex deceptive tactics and large-scale illegal fund flows.

False Financial Products and Deceptive Schemes

The defendants are accused of disguising themselves as Ding Yifen Asset Management and its related companies to carry out the sale of deceptive financial products. Of particular note is the scam involving “DDO Digital Options” using air tokens. According to NS3.AI reports, these deceptive products suggested false profitability and safety to investors, enabling illegal fundraising.

Actual Illegal Fundraising Activities

The suspect group carried out multiple illegal fundraising activities through the aforementioned deceptive products. Funds collected from victims are believed to have flowed into the suspects’ network via money laundering processes. These criminal activities demonstrate organized deception and planning.

Authorities’ Enforcement Measures and Asset Freezing

Considering the seriousness of the case, the Shenzhen authorities have seized assets related to the suspects, including real estate, automobiles, and stocks, and frozen multiple bank accounts. These measures aim to cut off illegal fund flows and provide relief to victims. This case once again highlights the dangers of deceptive products in preventing financial fraud.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.