Illegal fundraising of nearly 300 million, beware of pension fraud!

The Higher People's Court of Jiangxi Province pronounced the second instance on a pension fraud case involving a total amount of more than 290 million yuan and a loss of more than 160 million yuan. It found the defendant Zhang guilty of fund-raising fraud and was sentenced to life imprisonment. He was deprived of political rights for life and all personal property was confiscated. For the crime of illegally absorbing public deposits, the other four defendants were sentenced to fixed-term imprisonment ranging from ten to four years and fined.

From 2014 to the beginning of 2015, the defendant Zhang registered and established several companies including Hanyao (Shanghai) Investment Co., Ltd., and raised funds and borrowed more than 9 million yuan from others in the name of investing in elderly care and health care projects for project investment. , but all investments failed.

In October 2015, Zhang, who had failed in many investments, leased and operated Taixuan Hot Spring Hotel Co., Ltd. at an obviously exorbitant transfer price of 22.48 million yuan. In order to repay the transfer money and previous debts, he On many occasions, people were organized to use Taixuan Hotel to illegally raise funds in Shanghai, Nanchang, Yichun and other places. After that, in order to expand its influence and absorb more funds, he planned to establish the Mingyue Mountain Tianannual Club, registered and acquired dozens of shell companies such as Hanyao International Investment Holding Group Co., Ltd., and claimed that the above-mentioned companies and hotels were all As an industry under the Hanyao Group, it conceals the company's true operating conditions and falsely exaggerates the strength and investment prospects of the Hanyao Group.

Under the guise of building a senior care ecological industry chain such as Zen retreat, health care, tourism and leisure, etc., and using returns ranging from 10% to 18% annual interest rates as bait, or fabricating the company's listing and subscription of original shares. Investment scams are publicly promoted in Shanghai, Yichun and other places by distributing promotional materials, holding promotion meetings, free travel, hotel stay experiences, etc., to trick fund-raising participants into pre-depositing health cards, subscribing for equity, and signing investment contracts, and illegally to unspecified members of the public. Raise a lot of money. As of the incident, the police had illegally absorbed more than 290 million yuan in funds from 2,358 people, causing losses of more than 160 million yuan.

The other four defendants are the company’s main managers or marketing team leaders. They participated in illegally absorbing huge amounts of public deposits, and obtained illegal gains ranging from 538,600 yuan to 124,700 yuan respectively.

After the trial, the court held that the defendant Zhang, as the actual controller of Hanyao Group, illegally raised funds from others in the name of investing in elderly care and health care projects, using high interest and high returns as bait, and defrauded others. The fund-raising amount totaled more than 290 million yuan, resulting in a loss of more than 160 million yuan, which was a particularly huge amount. His behavior constituted the crime of fund-raising fraud. The remaining four defendants participated in illegally absorbing public deposits and disrupting financial order. The amount was huge, and they all constituted the crime of illegally absorbing public deposits. The court rejected the appeal based on the defendant's criminal circumstances and other judgments, and upheld the first-instance judgment.

Xiongzhi Group’s point of view:

Don’t be tempted by high profits and refuse to invest blindly

Everyone’s assets are hard-earned, and we must proceed with a prudent attitude Investment, any project that expressly or implies "guaranteed, risk-free, high yield, guaranteed profit without losing money" in the introduction needs to be highly vigilant, because these promises are very difficult to realize under the current real market conditions. .

As far as the current economic situation is concerned, for an investment project that is real, feasible, and profitable, the ideal return should be no more than 6%. Once the promised return significantly exceeds this figure, we should respond strongly vigilance. Even if there are investment products with high credibility, we still need to conduct further in-depth evaluations. The most important thing to know is whether there are underlying assets behind the project to support and share risks. Why is this critical? Because this ensures that even in the most extreme circumstances, we can still recover the majority of our funds.

In the highly volatile investment market, only real estate has extremely high price certainty. As the underlying collateral, it can significantly reduce expected losses. Based on the in-depth understanding of this concept, Xiongzhi Group Ultimately creating a leading position in the real estate debt market. The Group always adheres to the bottom line of legal compliance and provides support for debt investments with high-quality real estate assets in the Pearl River Delta region to achieve higher financial security and help all participants obtain long-term, sustainable and stable returns while minimizing risks. .