The full name of GUCS is GlobalUnionClubSub, which is a professional digital asset service platform in inclusive finance based on blockchain technology. It was founded in April 2020. Through a professional and transparent mechanism, participants can realize financial freedom and contribute to the great changes of human society. Although, externally, GUCS advertises under the slogan of "Beyond the Ethereum, Beyond all items in the market", the facts are totally inconsistent with the propaganda.
The public security organs in Chengdu have filed a case for investigation against Yang Moumou and Chen Moumou who are suspected of using the virtual currency of "GUCS" and "Kirin Mining Machine", and have taken compulsory measures for criminal detention against six major suspects. Relevant investigations are being carried out according to law.
The crime of fraud refers to the act of defrauding a large amount of public and private property by deception for the purpose of illegal possession. For criminals who constitute the crime of fraud, if they actively return stolen goods or make restitution, the basic punishment can be reduced to less than 30% by comprehensively considering the nature of the crime, the extent to which the act of returning stolen goods or making restitution can make up for the damage, the amount and initiative of returning stolen goods or making restitution. Although swindling public or private property has reached the conviction and sentencing standards stipulated by relevant laws, before the verdict is pronounced in the first instance, all the stolen money and goods have been returned or compensated, and the perpetrator pleads guilty and repents, in accordance with the relevant provisions of the Criminal Law, he may not be prosecuted or exempted from criminal punishment. According to the current relevant regulations, if the defendant illegally occupies or disposes of the victim's property, and the victim files an incidental civil lawsuit or files a separate civil lawsuit, the people's court will not accept it. However, the people's court shall recover or order restitution according to law, and the circumstances of recovering restitution can be considered as sentencing circumstances. That is, the victim of fraud can cooperate with the case-handling organ to recover the defrauded property by pursuing the perpetrator.
Legal basis:
Criminal Procedure Law of the People's Republic of China
Article 19 Criminal cases shall be investigated by public security organs, except as otherwise provided by law. Crimes such as illegal detention, extorting confessions by torture, and illegal search. The people's procuratorate may file a case for investigation of illegal acts found by judicial personnel in the process of legal supervision of litigation activities. If a major criminal case of a functionary of a state organ under the jurisdiction of a public security organ needs to be directly accepted by a people's procuratorate, it may be placed on file for investigation upon the decision of a people's procuratorate at or above the provincial level. Cases of private prosecution are directly accepted by the people's courts.