Shenzhen Procuratorate in China files public prosecution against more than 30 defendants in the Ding Yifeng illegal fundraising case

GateUser-6433627c · 2026-01-23T08:01:56+00:00

The Shenzhen People's Procuratorate has filed public charges against 30 defendants suspected of illegal fundraising, including charges of fundraising fraud and money laundering. The key suspect, Sui Guangyi, used high-yield investment schemes to illegally attract funds and has now had a large amount of assets seized.

GateUser-6433627c

2026-01-23 08:01:56

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On January 23, the People’s Procuratorate of Shenzhen City, Guangdong Province, China, after lawful review, filed public prosecution with the Intermediate People’s Court of Shenzhen City against 30 defendants including Sui Guangyi and Ma Xiaoqiu for their involvement in illegal fundraising crimes in Shenzhen and other locations. The charges include criminal syndicate fraud, illegal absorption of public deposits, money laundering, embezzlement of duties, crossing borders illegally, providing false certification documents, and others, in accordance with the Criminal Law of the People’s Republic of China and the Criminal Procedure Law of the People’s Republic of China. The core offender, Sui Guangyi, claimed to be “Beidou Seven Stars Descending,” and used the guise of promoting the “Zen Yi Investment Method” with high returns to illegally attract funds through fake financial products and “DDO Digital Options” (air coins). After the funds chain broke, a large amount of assets was seized by public security authorities.

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