Core Viewpoint - The series of educational short videos titled "Distinguishing Right from Wrong" aims to raise public awareness and knowledge about preventing illegal financial activities, particularly focusing on typical cases of illegal fundraising [1]. Group 1: Program Overview - The program is launched under the guidance of the Inter-Ministerial Joint Conference Office for the Prevention and Crackdown of Illegal Financial Activities [1]. - It focuses on educating the public about the risks associated with illegal fundraising and enhancing their ability to prevent such activities [1]. Group 2: Case Study - A specific case is highlighted where a manager used a "cloud cattle raising" app to lure investors, claiming to have over 10,000 cattle and promising an annual return of 24% [2]. - Upon investigation, it was revealed that the operation was supported by only a few dozen cattle and involved continuously changing identification tags, leading to significant financial deception [2].

Core Viewpoint - The article discusses the fraudulent activities of the "Xinkangjia" investment platform, which has been identified as a Ponzi scheme combined with a multi-level marketing structure, leading to significant financial losses for investors [3][4][29]. Group 1: Overview of "Xinkangjia" - "Xinkangjia" platform was established in 2021, initially claiming to engage in oil spot trading and later shifting to derivatives trading, falsely associating itself with the Dubai Gold and Commodities Exchange (DGCX) [6][19]. - The platform attracted around 2 million investors with claims of high returns, reportedly involving approximately 13 billion yuan in total investments [3][4]. - DGCX has publicly denied any affiliation with "Xinkangjia," warning that the platform is unauthorized and operates without any legitimate partnership [8][9]. Group 2: Investment Structure and Operations - "Xinkangjia" employed a nine-level hierarchical structure to incentivize recruitment, with participants earning rewards for bringing in new members, creating a classic Ponzi scheme dynamic [13][19]. - The platform promised daily returns of 0.2% and used various promotional tactics, including offering luxury cars as incentives for high investments [20][19]. - Investors were required to purchase USDT (Tether) for transactions, complicating the process and leading many to transfer funds to higher-level members for conversion [22][30]. Group 3: Regulatory Environment and Risks - The Chinese government has previously banned virtual currency investments, and multiple warnings have been issued regarding the risks associated with platforms like "Xinkangjia" [23][24]. - Local authorities have identified "Xinkangjia" as a significant illegal fundraising risk, highlighting its use of high-return promises and multi-level marketing tactics [28][24]. - The article emphasizes the growing trend of such schemes leveraging stablecoins to bypass financial regulations, posing a threat to investors and the broader financial system [30][33].