Core Viewpoint - The recent collapse of the "Xin Kang Jia" Ponzi scheme, which promised a daily interest rate of 2%, has heightened societal awareness and vigilance against new forms of online fraud [1] Regulatory Warnings - Financial regulatory bodies across multiple regions, including Guangdong, Yunnan, Hunan, and others, have issued warnings regarding illegal fundraising risks associated with virtual currencies and new online scams [1][2] - These warnings highlight that many fraudulent schemes utilize exaggerated claims and false promises, often featuring phrases like "guaranteed returns" and "high fixed income" [1][3] Common Characteristics of Scams - New online scams, often referred to as "funding plates," share common traits such as high promised returns, often exceeding 300% annualized, and recruitment mechanisms that incentivize users to promote projects [1][12] - Legal experts categorize these scams as "pyramid-style fundraising fraud," which involves collecting funds through pyramid schemes [1][2] Types of Fraud - Various types of online scams have emerged, including investment fraud, false project schemes, and fake loan schemes, all characterized by their deceptive nature and strong concealment [10] - Investment fraud often masquerades as legitimate institutions, using fake financial apps and platforms to lure consumers with promises of high returns [10][11] Virtual Currency Scams - Scams involving virtual currencies often claim to be decentralized and utilize fictitious technology backgrounds to issue tokens with no real value, exploiting investors' lack of understanding of blockchain technology [7][8] - Regulatory bodies have clarified that activities related to virtual currencies lack legal protection, and participation in such schemes can lead to significant financial losses and legal repercussions [7][8] Participant Profiles - Participants in these scams can be categorized into three groups: "operators" who aim to defraud, "smart investors" seeking quick profits, and "innocent victims" who suffer the most significant losses [13][14] - The return rates in these schemes are inversely related to their credibility, with higher promised returns indicating a higher risk of fraud [13][14]

Core Viewpoint - Recent incidents of fraudulent schemes disguised as "virtual currency" have raised significant concerns about illegal fundraising activities and new types of online scams, particularly highlighted by the collapse of the "Xinkangjia" scheme, which promised a daily return of 2% and involved billions in funds [1] Regulatory Response - Financial regulatory authorities across multiple regions, including Guangdong, Yunnan, Hunan, Liaoning, Heilongjiang, Zhejiang, and Fujian, have issued warnings regarding the risks associated with illegal fundraising under the guise of "virtual currency" and new online scams [1]

Core Viewpoint - The recent collapse of the "Xin Kang Jia" Ponzi scheme, which promised a daily interest rate of 2%, has heightened societal awareness and vigilance against new forms of online fraud [1] Regulatory Warnings - Multiple financial regulatory bodies across various provinces, including Guangdong, Yunnan, and Hunan, have issued warnings about illegal fundraising risks associated with virtual currencies since July [2][3] - Shenzhen and Guangzhou have specifically highlighted that illegal institutions are using terms like "financial innovation" and "digital assets" to mislead the public and engage in illegal fundraising activities [2] Characteristics of Online Scams - New online scams often share common traits such as exaggerated claims, false promises, and high returns, with phrases like "guaranteed profits" and "fixed high returns" frequently used [1] - These scams typically promise unrealistically high returns, such as a daily yield of 1% or 2%, leading to annualized returns exceeding 300% [1] Legal Implications - Legal experts categorize these scams as "pyramid-style fundraising fraud," which can lead to severe criminal charges, including life imprisonment for the organizers and key participants [1] - The involvement in such scams can result in criminal liability for all parties involved, including promoters and core members [1] Types of Scams - Various types of scams have emerged, including investment fraud, consumer rebate schemes, and fictitious project scams, all characterized by their deceptive nature and complexity [9][10] - Investment scams often impersonate legitimate institutions and utilize fake financial products to lure investors, while consumer rebate scams disguise themselves as community-oriented initiatives [10] Mechanisms of Fraud - Many scams employ a "referral" mechanism to encourage users to promote projects, promising tiered rewards for recruitment [11] - The structure of these scams often includes both "static" and "dynamic" returns, where static returns are fixed and dynamic returns depend on recruiting new participants [12] Risk Awareness - Regulatory bodies emphasize the importance of understanding the complexities and volatility of digital currencies and encourage the public to avoid any form of virtual currency speculation [8] - Participants in virtual currency transactions face significant legal risks, as these activities are deemed illegal under current regulations [7]

Core Viewpoint - The article highlights the increasing prevalence of illegal fundraising schemes targeting the elderly, particularly through the use of high-tech concepts like blockchain and virtual currencies, which exploit the vulnerabilities of approximately 280 million elderly individuals in China [1][2][9]. Group 1: Illegal Fundraising Tactics - Criminals are utilizing high-tech jargon such as "blockchain" and "virtual currency" to lure elderly individuals into investing under the guise of providing retirement services [2][9]. - A case from 2018 involved a defendant who raised over 22 million RMB by promoting a project called "Cloud Storage Chain," falsely claiming it had international trade capabilities and promised high returns [2]. - Another scheme involved a "cloud farming" project that falsely advertised ownership of livestock, leading to over 500 million RMB in illegal fundraising [3]. Group 2: Psychological Manipulation - Fraudsters often present themselves as caring and trustworthy, using tactics such as free gifts and social activities to build rapport with elderly individuals [6][7]. - A notable case involved a company that promised annual returns of 8% to 36% while misleadingly portraying its operations and services to attract investments exceeding 10 billion RMB [6][7]. Group 3: Regulatory and Preventive Measures - Authorities emphasize the need for early identification and reporting of illegal fundraising activities, encouraging the public to be vigilant and skeptical of high-return promises [10][11]. - The article mentions the introduction of a reward system for reporting illegal fundraising activities in Jiangsu Province, aiming to enhance public awareness and participation in prevention efforts [13].

Group 1 - Pakistan Air Force fighter jets have launched airstrikes on multiple Indian air force bases, including locations in Gujarat, Ambala, and Jalandhar, with reports of Pakistani jets entering Indian airspace [1] - Pakistan has officially initiated a military operation named "Copper Wall" in response to ongoing provocations from India, targeting various locations across India, including a missile storage facility in Punjab [3] - During the operation, Pakistan reportedly conducted cyber attacks that led to approximately 70% of India's power grid being paralyzed [4] Group 2 - The Pakistani military has also launched a separate operation named "Bunyan-un-Marsoos" as retaliation for what it describes as Indian aggression, with explosions reported in Karachi's Shah Faisal Colony and Malir areas [5]