What's the difference between Ponzi scheme and Wu Ying case?

Ponzi scheme: A scheme devised by Charles Ponzi, which later became the name of investment fraud in the financial sector.

Wu Ying case: Wu Ying masterminded the fraud case.

2. Relevant personnel

Ponzi scheme: Charles Ponzi the speculator

Wu Ying Case: "Dongyang Rich Sister" Wu Ying

3. Time

Ponzi scheme: 19 19

Wu Ying case: 2009

4. What happened

Ponzi scheme:

Ponzi invested in a non-existent enterprise, promising investors a 40% profit return within three months. Then, the cunning Ponzi paid the new investor's money as quick money to the original investor to induce more people to fall for it.

Ponzi successfully attracted 30,000 investors within 7 months due to the rich returns of the early investors. This conspiracy lasted for a year, and only those who were carried away by interests woke up, and later people called it "Ponzi scheme".

Wu Ying case:

In the second half of 2006, Wu Ying successively established eight "Bense Group" companies with a registered capital of 1 100 million yuan, covering hotels, businesses, building materials, weddings, advertisements, logistics and the Internet. It was once rumored that its assets were as high as 3.8 billion yuan, which made it ranked 68th in the Hurun Report in 2006 and 6th in the list of the richest women.

After 37 days of criminal detention in March 2007, she was arrested by Dongyang Public Security Bureau of Zhejiang Province on June 16 on suspicion of illegally absorbing public deposits, and six others were arrested at the same time.

In March 2007, Wu Ying was arrested by Dongyang Public Security Bureau on suspicion of illegally absorbing public deposits. On April 16, 2009, the Intermediate People's Court of Jinhua City, Zhejiang Province held a trial of Wu Ying's case in the first instance, and the procuratorate accused Wu Ying of raising funds to defraud RMB 389 million. Wu Ying, 28, performed a short-term wealth legend.

5. Event results

Ponzi scheme: Ponzi was sentenced to five years in prison.

Wu Ying case: On April 6, 2009, the Intermediate People's Court of Jinhua City, Zhejiang Province held its first trial. In 2009, Jinhua Intermediate People's Court sentenced Wu Ying to death and deprived him of his political rights for life.

Baidu Encyclopedia-Wu Ying Case

Baidu encyclopedia-Ponzi scheme