PANews reported on November 27th that, according to the Changsha Evening News, on November 26th, the Yuhua District People's Procuratorate of Changsha City disclosed a case involving a "scam targeting foreign men," in which all 11 individuals were convicted. In March 2024, in a small apartment in Yuhua District, Liu and Li established a tightly organized "fraud factory." The gang had a clear division of labor: Liu, as the core member, controlled the technology, platform, performance, and overall management; Li managed the business team and distributed salaries; Peng was responsible for technical coordination and data statistics; and eight salespersons posed as "financial elite women," targeting foreign men on overseas social media platforms. These salespersons used stolen portraits and carefully crafted personas to carry out "scam targeting foreign men" emotional fraud. They first used carefully designed scripts to lure targets from public platforms to private software, establishing trust and emotional bonds before inducing them to invest in virtual currency on a fake platform. Initially, they offered small returns on withdrawals to entice victims to increase their investments; once large sums were injected, they disabled the withdrawal function, completing the "harvest." Using this scam, the gang defrauded people of approximately 340,000 yuan.PANews reported on November 27th that, according to the Changsha Evening News, on November 26th, the Yuhua District People's Procuratorate of Changsha City disclosed a case involving a "scam targeting foreign men," in which all 11 individuals were convicted. In March 2024, in a small apartment in Yuhua District, Liu and Li established a tightly organized "fraud factory." The gang had a clear division of labor: Liu, as the core member, controlled the technology, platform, performance, and overall management; Li managed the business team and distributed salaries; Peng was responsible for technical coordination and data statistics; and eight salespersons posed as "financial elite women," targeting foreign men on overseas social media platforms. These salespersons used stolen portraits and carefully crafted personas to carry out "scam targeting foreign men" emotional fraud. They first used carefully designed scripts to lure targets from public platforms to private software, establishing trust and emotional bonds before inducing them to invest in virtual currency on a fake platform. Initially, they offered small returns on withdrawals to entice victims to increase their investments; once large sums were injected, they disabled the withdrawal function, completing the "harvest." Using this scam, the gang defrauded people of approximately 340,000 yuan.

The Yuhua District Procuratorate of Changsha disclosed a "scam" fraud case involving virtual currency.

2025/11/27 13:55

PANews reported on November 27th that, according to the Changsha Evening News, on November 26th, the Yuhua District People's Procuratorate of Changsha City disclosed a case involving a "scam targeting foreign men," in which all 11 individuals were convicted. In March 2024, in a small apartment in Yuhua District, Liu and Li established a tightly organized "fraud factory." The gang had a clear division of labor: Liu, as the core member, controlled the technology, platform, performance, and overall management; Li managed the business team and distributed salaries; Peng was responsible for technical coordination and data statistics; and eight salespersons posed as "financial elite women," targeting foreign men on overseas social media platforms. These salespersons used stolen portraits and carefully crafted personas to carry out "scam targeting foreign men" emotional fraud. They first used carefully designed scripts to lure targets from public platforms to private software, establishing trust and emotional bonds before inducing them to invest in virtual currency on a fake platform. Initially, they offered small returns on withdrawals to entice victims to increase their investments; once large sums were injected, they disabled the withdrawal function, completing the "harvest." Using this scam, the gang defrauded people of approximately 340,000 yuan.

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