The Shenzhen People's Procuratorate has initiated a public prosecution against Sui Guangyi, Ma Xiaoqiu, and 29 others linked to Dingyifeng Asset Management Co., Ltd. The charges include fundraising fraud, illegal public deposit absorption, and money laundering. The case involves Shenzhen Dingyifeng Asset Management, Hong Kong Dingyifeng International Holdings, and their affiliates.
Authorities allege that Dingyifeng and its affiliates issued fraudulent wealth management products and "DDO digital options," described as "air coins," engaging in illegal activities. The Futian Branch of the Shenzhen Public Security Bureau has seized, detained, and frozen various assets, including real estate, vehicles, equity, and bank account funds related to the companies involved.
Shenzhen Prosecutors Charge 31 in Dingyifeng Fraud Case
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