The First Case Of Online Loan Fraud In China Involved Up To 700 Million Yuan

This is China Online loan The first case of fraud involved up to 700 million yuan. Zheng Xudong, a Wenzhou businessman, set up a jade investment fraud in Shenzhen. He registered the "China Cultural Property Exchange" in Hong Kong and built several online loan platforms in Shenzhen under the name of a trust company to attract money. Then, before the Spring Festival, he absconded abroad with a large sum of money.

　　 Hype jadeite to make money

Last September, Mr. Hu (77 years old), who lives in Guanlan, Shenzhen, heard that the investment platform of "China Cultural Property Exchange" (hereinafter referred to as "China Cultural Property Exchange") is very profitable. He sold his house at a low price of more than 1 million yuan and invested all of it to speculate on the jadeite investment products launched by the agency. But he doesn't know the jadeite market at all.

On January 23, an investor representative came to Shenzhen Zhongruilong trust Asset Management Co., Ltd. (hereinafter referred to as Zhongruilong) saw the jadeite stored in a small warehouse. More than 30 pieces were packed in mineral water tanks and stacked on the ground at will. Mr. Zeng, the representative of the investor, has touched it with gloves, but he can't see anything.

Among a group of jadeite assets package with the code of "600004" sold by China Culture and Culture Exchange, 8 jadeite ornaments are valued at 114.3 million yuan. One of the jadeite ornaments, named "Happiness and Longevity", was evaluated by Mr. Chen, who has been engaged in jade business for many years. He said that ordinary beans have poor water head, rough carving, and poor color. "They are everywhere in the jade wholesale market, which is worth tens of thousands of yuan at most."

Nine similar jadeite asset packages have been listed and sold in China Culture and Culture Exchange, and the equity share of each asset package is split equally according to one yuan, which is subscribed and traded by investors.

At first, Mr. Hu really made some money.

Its operation mode is similar to that of stocks. Investors can purchase original stocks at the price of one yuan per share in the primary market, and gain value after opening, or trade in the secondary market, buying at a low price and selling at a high price. At the peak, the price of the asset package has doubled several times, and the value of jadeite has been speculated to hundreds of millions of yuan. The operation of the first eight asset packages is relatively normal, and most people can make money from hyping jadeite.

　 The pension money is gone

On January 14 this year, the ninth jadeite asset package was listed. The investors found that there was something unusual, and the Chinese Culture and Culture Exchange showed signs of money circling. On that day, the agent told Mr. Hu that the "No. 5 asset package" would be reviewed the next day. He originally planned to take 80000 yuan from his trading account to buy a house, but in order to copy the bottom, he instead remitted 200000 yuan.

This is also China Culture and Culture Exchange The last deposit of.

On January 16, the account of CFLAC was unable to withdraw funds.

On that night, investors from all over the country gathered at the 21st floor of Block A, Donghai International Center, Shenzhen Office, China Cultural Exchange.

On January 17, Mr. Zhang, the investor, reported the case to Futian Economic Investigation Brigade. On January 20, Futian Public Security Branch issued a notice of filing, believing that "Zheng Xudong and others are suspected of illegally absorbing public funds, and criminal responsibility should be investigated".

On January 28, Li Biaowu, the executive president of China Culture Exchange, was detained by criminal detention.

At the same time, there are also three P2P online loan platforms, namely Shenzhen Zhongdai Xinchuang, Hangzhou Guolin Venture Capital and Shanghai Fengyi Venture Capital. Investors said that the actual controller of these three platforms is Zheng Xudong.

Something happened. Mr. Hu's blood pressure rises and his hands are cold. "There is no pension money". Many people have the same experience with him.

The relevant person in charge of Shenzhen Municipal Finance Office said that CFETS had not made any declaration and filing, which was an illegal operation. The economic investigation should be carried out to crack down on the suspected illegal absorption of public deposits by CFETS.