How is the boss of Xianwang Group in Xianxian County doing?

Still listed after being fined for pyramid schemes.

According to the investigation, Xianwang Liquor Industry, a subsidiary of Hebei Xianwang Industry and Trade Group Co., Ltd., has registered and established a "Cangzhou Langcheng Trading Co., Ltd. under the banner of registration with the Ministry of Commerce and the Ministry of Industry and Information Technology since 2017." ", using the crowdfunding model, declares in the promotional materials how investors' funds are guaranteed, how generous the returns are, and how the profits generated by the promotion will be distributed; it also claims to cooperate with banks and insurance companies, using Xianwang's corporate assets as guarantees, and promises The safety of investors' principal is guaranteed throughout the entire process, and hundreds of millions of illegal funds are raised! Then, the company was canceled inexplicably! Tens of thousands of people were deceived.

On the premise that the above promises were not fulfilled, Wang Zhanfang, chairman of Xianwang Industry and Trade Group, "repeated his old tricks" and established another company, "Shengze Technology Co., Ltd." that seemed to be unrelated to Xianwang Group. " On April 16, 2018 and May 28, 2018, respectively, Chen, the chairman of the board of directors of "Xiyuan Capital" and others were invited from Shenzhen to hold two "Equity Promotion Explanations" at the Xianxian Hotel in Cangzhou meeting".