Jinzhou cracked 5.1 billion illegal fund-raising cases, and over 20,000 people were cheated.
On May 19th, CCTV Finance’s "Economic Half-hour" column particularly exposed the illegal fund-raising fraud case of "Today Huiyuan Jewelry Co., Ltd.". According to Liaoshen Evening News, Wang, a native of Jinzhou, developed 156 "Jin Chao Hui Yuan" physical gold shops and 14 virtual gold shops in 19 provinces in China in just over a year, with more than 20,000 victims and a transaction amount of more than 5.1 billion yuan. Jinzhou Public Security Bureau arrested 19 suspects in one fell swoop, and all the main suspects including Wang and his accomplices Shao, Wang’s son and sister were arrested. The value of gold and silver ornaments seized is more than 10 million yuan, the value of seized real estate is 90 million yuan, and the frozen cash is more than 20 million yuan, with a total value of more than 120 million yuan. The suspect in the case was transferred for review and prosecution.
"Today Huiyuan" has developed 156 physical gold shops in 19 provinces across the country.
Fundraising site
Seal up the scene of today’s Huiyuan gold shop
Many victims have taken a fancy to high returns and then invested heavily, and some even borrowed money to invest. "When I had investment ideas, I also had concerns, but seeing that so many people have received returns and opened many branches, I have dispelled my doubts. I didn’t expect to be cheated, and my eyes are going blind now. " Ms. Liu, who invested 480,000 yuan in East and West, said.
Mining lacks funds and wants to open a gold shop to raise funds.
Since 2009, Wang and Shao have worked in Tianxin Mining Co., Ltd., a company founded by Zhang and Liu in Tianjin. Because Zhang needed to run Haixing Huaxin Mining Co., Ltd. without funds, he asked Wang and Shao to raise money for him.
Under the pretext of investing in Haixing Huaxin Mining Co., Ltd., Wang and Shao used a high interest return of 3 to 6 cents as bait, with a minimum of 10,000 yuan and no upper limit. The use period was one year, and they illegally raised more than 300 million yuan and remitted most of the proceeds to Zhang.
Zhang used assets such as Tianxin Mining Co., Ltd. jointly owned by Liu and his wife as collateral to ensure that Wang could repay the loan on schedule. Later, Haixing Huaxin Mining Co., Ltd. has not been officially put into production, and has not produced the expected income, resulting in the inability to return the loan principal and interest.
At this time, Wang and Shao, for fear of being investigated for legal responsibility, registered and established Beijing Tianyuanhui Investment Management Co., Ltd. on July 7, 2010 to cover up their criminal acts of illegally raising funds for Huaxin Mining. The company has never operated since its establishment.
On March 19th, 2013, Wang and Shao registered and established Beijing Jinzhao Huiyuan Jewelry Co., Ltd., and they served as legal representative and president respectively. In order to attract more funds, they joined gold shops all over the country, and besides paying the deposit and joining fee, they also adopted three ways to illegally raise funds: mortgage sales, stock holding and stock subscription.
High returns attract a lot of capital investment.
Among the three ways of illegal fund-raising, the most attractive one is "mortgage sale".
The so-called "mortgage sale" means that the customer will put the deposit in the gold shop for a certain period of time, and can receive a certain value of gold jewelry for free, and return the deposit after the expiration. Take 10,000 yuan as an example, you can get 1,200 yuan worth of gold ornaments or 1,200 yuan in cash for free. The longer the detention period, the higher the interest: 2% for 45 days, 3% for 4 months, 6% for 7 months, up to about 25%.According to relevant statistics, as of July 2014, there were only 156 physical gold shops and 14 virtual gold shops in China, involving 23,025 person-times with an amount of 3.194 billion yuan (including fund-raising interest). Among them, there are 1,787 people in Jinzhou City, with an amount of 275.62 million yuan (excluding fund-raising interest), and 166.1 million yuan has been returned, and 770,000 yuan has been returned with interest, but 109.52 million yuan has not been returned.
The second type is "stock holding". Under the pretext that Huaxin Mining Co., Ltd. is about to go public, Wang and Shao illegally raised about 90 million shares nationwide at a price of 50,000 yuan per share, with an annual dividend of not less than 25% and a closed period of two years as bait.
The third is "share subscription". On the pretext that Beijing Jinzhao Huiyuan Jewelry Co., Ltd. is preparing to go public, Wang and Shao launched the original share subscription without authorization. With 1 yuan money per share and 10% of the profits returned every four months as bait, they successively absorbed 104.8 million yuan from 16 provinces and cities across the country, including 4.87 million yuan from Jinzhou.
According to the investigation by the police, in the short period of more than one year from the company’s establishment to its arrest, today Huiyuan Jewelry Co., Ltd. has 12,306 transactions, with a transaction amount of more than 5.1 billion yuan, and more than 20,000 people have been deceived.
The victim lost all his money
Many victims still had some misgivings when they joined Huiyuan’s investment, but when they saw a large number of people around them and some people received the report, they joined them without hesitation.
Some netizens posted on the Internet in December 2013 to verify the reliability of the current Huiyuan investment method, and most netizens gave a reply of "not a liar".
"Of course not a liar! What they do is honest business, and they save money and send gold to them for free. "
"No, there are many today Huiyuan stores in the country. Gold is also very good. "
"Not a liar, many people have got the money."
The reply of netizens also expressed the mentality of some investors at that time, but some rational netizens put forward the advice that needs vigilance. An anonymous netizen replied: "Gold and silver are completely their cover-up. I hope everyone will not be greedy for a while, and something will happen sooner or later. It is only a matter of time, believe me." However, in the midst of praise, it seems that it is a bit lonely.
According to CCTV reports, CCTV reporters (hereinafter referred to as reporters) interviewed some victims.
Reporter: "Are there many deceived people like you?"
Ms. Gu: "More. Too many. It has been here for 45 days, and it is estimated that there is no risk for 45 days. Just save it here, and the interest is not higher. "
The victim, Ms. Liu, spent a total of 480,000 yuan in this modern Huiyuan gold shop, all from relatives and relatives at home.
Ms. Liu: "The more loans this store has opened, the more there are ten stores in Jinzhou. At the beginning, I pledged 10,000 yuan into it. Then I saw that it was more and more loans. Later, I said that the boss of the gold shop bought a 6,000-square-meter building in Manhattan and a building in Central Street. Where did the central street come from? I saw that it was developing well, and then all the employees in the gold shop pledged money."
Reporter: "How much did you invest?"
Ms. Liu: "I borrowed more than 200,000 yuan and then had my own money. It is also an astronomical figure for me. Now my eyes are blind, and now it is like a mental illness. "
Among the victims of fund-raising, there are as many as 600,000 to 700,000 yuan, and as few as tens of thousands of yuan. Some people even put almost all their wealth on the line and suffered heavy losses.
Jinzhou Public Security Bureau arrested 19 suspects in one fell swoop, and all the main suspects including Wang and his accomplices Shao, Wang’s son and sister were arrested. The value of gold and silver ornaments seized is more than 10 million yuan, the value of seized real estate is 90 million yuan, and the frozen cash is more than 20 million yuan, with a total value of more than 120 million yuan. The suspect in the case was transferred for review and prosecution.