Nam giới bị kết án 5 năm 4 tháng vì âm mưu đầu tư “Metaverse” gian lận ở Hà Bắc

The Huoxing Finance report states that the Hebei Higher People's Court has released typical cases of cracking down on illegal fundraising. A man promoted virtual commodity investment projects on the "Newmateworks" platform under the "Yishang United Community" by packaging them with the concept of the "metaverse," luring the public to invest. He directly recruited 19 investors who deposited a total of RMB 15.3936 million on the platform, of which RMB 1.1014 million has been returned, leaving RMB 14.2922 million still unreturned. The court ruled that this case used emerging technological concepts such as the "metaverse" as a cover for fraudulent marketing, violating China's financial management laws and regulations, with a large amount involved, constituting the crime of illegally absorbing public deposits. The defendant, Chen, was sentenced to five years and four months in prison and fined.