Haikou Intermediate People's Court: 3 people sentenced for luring more than 180 people to buy tens of millions of 'Vica Coin' and committing the crime of fund-raising fraud

Jinse Finance reported that according to the news from the Intermediate People’s Court of Haikou City, the Haikou Intermediate Court recently upheld the first-instance judgment and sentenced Liu Moyan, Huang Mozhi, and Liu Mourui to imprisonment for a period ranging from 3 years to 13 years and fined them for the crime of organizing fundraising fraud. The relevant individuals used the opportunity to help customers regulate their bodies and sell quantum products, vigorously promoting ‘Vicacoin’ as the second-generation virtual currency. They used high returns as bait to attract more than 180 people to invest more than 16.62 million yuan through crowdfunding, direct sales, and other methods.