Crypto Fraud Arrest: China Jails 9 for Scamming Indians

In a major crackdown on international crypto crime, a Chinese court has sentenced nine people for running a cross-border scam that targeted Indian citizens. The group tricked over 66,000 Indians, collecting nearly $6 million by promising fake returns through a made-up investment platform.

The Trap: Big Returns, Fake Promises

It started like many scams do, with a tempting offer. The fraudsters introduced a digital platform called Senee, claiming it could bring monthly returns between 8% and 15%. For many people looking to grow their savings, that sounded like a golden opportunity.

But behind the flashy numbers was a carefully built trap. The group used messaging apps and fake online identities to reach out to Indian users. Slowly, they built trust and then pushed them to invest in Senee using USDT, a popular cryptocurrency.

Playing with Emotions to Steal Money

What makes this case even more disturbing is how the scammers used emotional manipulation. They didn’t just throw ads at people; they created fake online personalities, even pretending to be wealthy Indian women who had “made it big” by investing in Senee.

One of the accused, Li Mouwang, admitted that his role was to act as a woman chatting romantically with Indian men to convince them to invest. These weren’t random messages, they were carefully planned conversations designed to make people let their guard down.

The group leader, He Moutian, shared that he first got in touch with an Indian user through a chat app and then introduced the Senee platform. With stories of high profits and easy money, the group reeled in tens of thousands of victims.

The Verdict: Justice in Shandong Province

The case was handled by the People’s Court of Heze Economic Development Zone in China’s Shandong Province. On April 13, Chinese outlet Guancha reported that all nine accused were found guilty. Their prison sentences range from five to fourteen years, depending on how involved they were.

Judge Liu Xilei, who oversaw the case, called the operation “well-organised and tightly managed.” While this group specifically targeted foreign victims, mainly Indians, the judge also warned that similar tactics are being used to trick people within China as well.

What This Means for Everyone

This case is a big reminder of how far scammers will go. They’re no longer just sending spam emails, they’re creating entire fake identities, starting emotional conversations, and running detailed scams to steal people’s money.

As crypto becomes more popular, so do the risks. This case shows the importance of staying alert and double-checking where you invest. If something sounds too good to be true, it probably is.