The down payment for buying a house evaporated! Guo Yanjun revealed that he was cheated out of 5.12 million in fake mining, calling on legislators to amend the law quickly.

Investment traps, even celebrities are not spared

Recently, celebrity fraud has resurfaced, "Crypto City" reported in August this year, artist Guo Yanjun frankly admitted in the program "WTO Sisterhood" on the eight major comprehensive channels that five or six years ago misbelieved in a cryptocurrency mining investment, in just a few months without return, up to seven figures of the amount evaporated, equivalent to the down payment to buy a house in the east district of Taipei. Looking through the court's judgment, it can be seen that Guo Yanjun eventually lost about NT$5.12 million. This cross-period fraud experience has also sparked social concerns about the "high return guarantee" investment plan, and some people have criticized the fraudsters for hollowing out investors with too light sentences under the law, which has led to countless victimized families.

Source: Judicial Yuan From the judgment, it can be seen that Guo Yanjun invested 5.5 million and only received a profit of 380,000.

During the interview, Guo Yanjun said he was "really desperate." He revealed that he had believed in his friend's slogan of "stable profit of 18% per annum," and was hoping to ease his financial burden due to heavy mortgage pressure. However, shortly after the brief profit-sharing, the group began to delay for various reasons, and three months later, the core figure behind the scenes was arrested. However, the fraud had already transferred the stolen money overseas, and investors found it difficult to recover their principal. "Victims fell into the trap one after another. They were really good at acting. The script was even more perfect than the Golden Bell Award," Guo Yanjun said indignantly.

Investment in 'Ethereum mining machine' scam, taking away a large amount of funds.

According to the court's verdict, this fraud case used a cooperative model named 'Fani Technology Co., Ltd.' to attract investors to purchase equipment and provide mining services through 'Ether mining machine investment', but actually did not set up any mining machines. Instead, it created false profits through the 'using the money from the back to pay the money from the front' method. Guo Yanjun invested about 5.5 million yuan, only receiving a profit of over 380,000 yuan, and ultimately losing 5.12 million yuan.

Image source: Judicial Yuan The scam itself does not set up any mining machines, but instead creates false profit sharing through the "later gold supplementing the previous gold" method. Please input the source text to be translated. Artists have become victims, making people more vigilant about such high-paying investment scams. Judicial documents show that Fanny's start-up company raised funds from hundreds of people, with fraudulent amounts totaling billions of yuan; before being caught, most of the funds had already been transferred overseas, and the main suspect only served a few years in prison domestically, and after being released, they can still enjoy the huge amount of stolen money stored overseas. 'It's really too lenient, a few years of sentence for billions, it's really unfair!' Guo Yanjun urged legislators to amend the law and increase penalties for fraud groups. Please input the source text to be translated. Don't believe in 'guaranteed high profits', experts warn against fraud

Guo Yanjun also shared his own experience and reminded investors to be cautious: "There is no such thing as a free lunch in the world. It's impossible for others to share their money with you to make a profit. And if there really is such a good thing, how can it be loudly publicized?" He suggested that those who are interested in investing should go through legal channels such as banks and not easily believe in "guaranteed returns that can still be received monthly with a certain percentage". If the return is more than 5%, they should be particularly vigilant. In response to the recent surge in fraud cases, the police also urged the public to verify any information about high investment returns, ask more questions to banks or professionals; especially if the other party requests a large one-time remittance, they should be even more cautious.

Further reading Did I get scammed by cryptocurrency? Cryptocurrency scam self-rescue guide

In addition to the case of Guo Yanjun, there are frequent tragedies of fraud in various age groups in society: for example, retired elderly people falling into investment scams and ending up with nothing, and there are also people who cannot bear the pressure of life after being deceived and end their lives.

Guo Yanjun expressed indignation: 'There are too many families ruined and lives lost. What we see now is just the tip of the iceberg!' He emphasized the need to make more people aware that 'high returns equal high risks' and called on society to face this issue together. 'I hope that legislators will crack down on fraud and not let the bad guys go unpunished.'

From the experience of Guo Yanjun, it is not uncommon for celebrities to be deceived, which reflects the overall investment environment and inadequate regulation. When facing investment opportunities, the public not only needs to maintain a cautious attitude but also hopes that the government can amend the law to combat fraud and increase criminal penalties, so that these 'perfect scripts' villains receive the punishment they deserve, avoiding more families from falling into tragedy.

The down payment for buying a house evaporated! Guo Yanjun revealed that he was cheated out of 5.12 million in false mining, and called on legislators to quickly amend the law. This article was first published in 'Crypto City'.