The Shenzhen Prosecutor's Office prosecutes 30 individuals involved in a financial fraud case

WalletsWatcher · 2026-01-30T20:16:05+00:00

The Shenzhen People's Procuratorate has charged 30 individuals, including Sui Guangyi and Ma Xiaoqiu, for allegedly orchestrating a complex financial fraud scheme through Ding Yifeng Asset Management. The charges include fund-raising fraud, illegal deposit absorption, and money laundering. Authorities have secured substantial evidence and taken coercive measures, such as asset confiscation and account freezes, to protect potential restitution for victims.

WalletsWatcher

2026-01-30 20:16:05

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The Shenzhen People’s Procuratorate has formally charged 30 individuals led by Sui Guangyi and Ma Xiaoqiu with allegedly orchestrating a sophisticated financial fraud scheme. According to reports from NS3.AI, the accused operated through Ding Yifeng Asset Management and its affiliated entities to carry out illicit fundraising activities targeting unsuspecting investors.

Charges for Serious Financial Crimes

The 30 involved face multiple allegations including fundraising fraud, illegal public deposit absorption, and money laundering. The operational scheme involved the marketing of deceptively designed financial products and the issuance of air tokens known as “DDO Digital Options,” instruments with no real value that were promoted as legitimate investments through various channels.

Fraudulent Scheme and Judicial Measures

Tax authorities have managed to secure significant material evidence of the crime. Coercive actions taken include confiscation of properties and vehicles belonging to the suspects, seizure of securities and stocks, as well as preventive freezing of bank accounts associated with the network of the 30 accused. These precautionary measures aim to safeguard potential assets for restitution to the victims of the fraud.

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