According to Beijing Evening News, a woman in her sixties in Beijing impersonated a woman in her twenties working at a "central government department" and established an online romantic relationship with a man who had never been in love before. She then deceived him into giving over more than 200,000 yuan by claiming reasons such as studying abroad and a family member falling ill. The woman subsequently invested all the funds in virtual currency trading and used 10x leverage to operate, ultimately losing everything when the market dropped and her position was liquidated. The Haidian Court recently sentenced her to four years in prison for fraud, imposed a fine, and ordered her to compensate the victim for the financial loss.

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