The Eyewash of Virtual Money Investment Reemerges: The Ponzi Scheme Behind High Returns

Recently, an investment and financial management platform named "Xinkangjia" has sparked heated discussions. It is reported that the platform involves 2 million investors, with an amount involved as high as 13 billion yuan. The platform, under the guise of Virtual Money investment, promised a high return of 1% per day and aggressively developed downline through a multi-level distribution model. However, after the platform was unable to fulfill its payments, founder Huang Xin publicly declared that he had fled abroad.

The Temptation of High Returns and the Coexistence of Hierarchical Rewards

According to investors, Xin Kang Jia claims to provide opportunities for participating in overseas gold and oil investments through the platform, offering a daily return of 1% on the principal. However, the invested funds cannot be withdrawn within a month. In addition to high returns, the platform has also established a complex tiered reward mechanism. It divides the team into 9 levels based on the number of members, with the highest level offering a reward of 150 USDT for directly referring one person, and the lowest level offering a reward of 10 USDT.

An investor stated that the team leader set up a studio at the community entrance, attracting a large number of middle-aged and elderly residents to participate. The minimum investment threshold is 15,200 yuan, with an actual deposit of about 14,700 USDT, leaving nearly 500 yuan as the team leader's profit. The platform also encourages bringing in new members, rewarding 200 USDT for each person recruited.

Police in multiple regions warn of risks

Recently, the police in many places, including the Public Security Bureau of Taojiang County, Hunan Province, issued risk alerts, pointing out that Xinkangjia is using the name of the Dubai Gold and Commodity Exchange to promise high returns without qualifications, suspected of fundraising fraud. In fact, as early as October 2024, multiple regulatory authorities had issued risk alerts regarding this platform.

After investigation, the operating entity of Xinkangjia, Guizhou Xinkangjia Big Data Service Co., Ltd., was established in April 2024 and has been listed multiple times in the business abnormality directory. In May of this year, the company has applied for cancellation to the registration authority.

Ponzi Scheme of Fund Pooling Continues to Persist

Industry insiders point out that such capital pool scams masquerading under the banner of Virtual Money are not uncommon. Criminals often exploit hot concepts such as "digital yuan" and "stablecoin" for packaging and promotion. Some participants, fully aware of the risks, still willingly engage in the so-called "fool's game" in hopes of making a profit.

Experts warn that such behavior not only carries huge risks but may also be illegal. Even non-core personnel, as long as they actively participate and reach a certain scale, may constitute joint criminal activity. Investors should be vigilant and stay away from such illegal financial activities. To determine whether an investment platform is reliable, it is key to understand the flow of funds, operational model, regulatory situation, and key information about the responsible parties.