You can get interest if you buy a health card

Longjun Home Agreement (screenshot of cover) Source/provided by interviewee

“If you buy a leisure and health card, you can get your principal back and get interest!” It was said at the beginning that “the flowers are good and the rice is good” "I didn't expect that it would turn out to be a heartbreak six years later. Ms. Wu, a citizen, recently reported to "Xinmin Helping Nongfu" that her mother had been buying "community elderly care" products from a company without telling her children in 2016. Now, 700,000 yuan has been "trapped", and the promised principal and interest have disappeared. .

The principal of a health card can be refunded with high interest rates

Ms. Wu’s parents are both in their 70s. My mother’s surname is Cao. She has high blood pressure and heart disease and takes medication all year round. My father has suffered from Parkinson’s disease and Alzheimer’s disease for 10 years. He is now in the middle and late stages and needs to be cared for 24 hours a day. After his father became ill, his money was basically kept and managed by his mother.

Ms. Wu told reporters: "I went to visit my parents that day and found that my mother was not in good condition. After repeated questioning, my mother hesitated to tell her that she had been deceived into investing by the salesperson of 'Longjun Homes', and the more she invested, the more she invested. "There's a lot of money that can't be withdrawn now." She said that her parents were in poor health after retirement, so they wanted to make use of their limited savings, hoping to put as little burden on their children as possible in the future. "In 2016, my mother contacted 'Long'. Junjiayuan's community elderly care model, I participated in the activities organized by them, and gradually invested in 'Longjunjiayuan' after being persuaded by the salesperson."

On the surface, Grandma Cao was deeply involved. What I purchased was a health card.

The reporter found that this was agreed in multiple "Longjun Home Leisure and Health Card Agreements" signed by Shenzhen Qianhai Longjun Home Care Industry Development Co., Ltd. (Party A) and Cao Apo (Party B) : Grandma Cao purchased a gold card from "Longjun Home", which is valid for 5 years and allows her to stay in the company's health base for a total of 840 days (standard room or double bed room). Calculated based on a single card purchase amount of 100,000 yuan, this is equivalent to a standard room price of 119 yuan per night.

Caption: The purchase is actually a health card

In the supplementary terms of the agreement, the two parties also agreed: If the residence rights are not used for 840 days within the agreed time limit, the company will pay 100,000 yuan The payment for the right of residence will be refunded upon completion. The reporter noticed that the "agreed time limit" in the supplementary clauses of many "health card agreements" is different. Some are for one year, and some are for two or three years. However, the gold card validity period agreed in the agreement is all five years; in addition, , 1 year (365 days) obviously cannot correspond to the "840-day right of residence". "The salesperson explained to my mother at the time that the card is valid for 5 years, but as long as you have a deposit period of 1, 2 or 3 years and have not lived in the house, the money will be refunded, which is equivalent to The principal has been returned." Ms. Wu said that her mother regarded this as a "deposit" and has not used the right of residence for a day.

In addition to the refundable principal, there is also the temptation of "high interest".

The reporter saw that there was another entrustment agreement attached to the above-mentioned agreements. Cao Apo (Party A) entrusted Henan Longjun Home Hotel Management Consulting Co., Ltd. (Party B) to transfer part of the The right to use the house is handed over to Party B for leasing, and the rent is paid to Grandma Cao. There are multiple versions of the term in the entrustment agreement, including one year and 100 days for the rent of the house use right of 9,600 yuan, two years and 240 days for 20,760 yuan, two years and 200 days for 19,800 yuan, and also three years and 300 days for 30,600 yuan. The entrustment period is consistent with the "deposit period" above. "The rent is the interest given to us, usually paid every six months."

Picture caption: The supplementary agreement is a disguised promise to return the principal

Picture caption: The entrustment agreement is a disguised promise of high interest< /p>

The elderly's deep-seated loans were renewed upon maturity and debt-to-equity swaps

Ms. Wu told reporters that Longjun Home Company operates under the banner of "timeshare", "migratory bird health care" and "community care for the elderly" , it is very attractive to the elderly who are concerned about travel and retirement. "It can not only provide cheap housing, but also be a kind of high-interest savings."

The first few years were promising. "When the one-year period is up, the salesperson will call and encourage my mother to 'continue depositing'." According to Ms. Wu's statistics, since 2016, her mother has invested 700,000 yuan one after another and received a return of 120,000 yuan. Yuan. But slowly, Longjun Home Company’s approach became a bit wrong.

The salesperson will do whatever it takes to attract deposits. In February and the end of March this year, Grandma Cao was out of town and under lockdown at home due to the epidemic. The salesperson wanted to "renewal" her 200,000 yuan deposit, and he did not hesitate to "sign" Grandma Cao's signature on her behalf.

Caption: The company's promotion of timeshare, migratory bird health care, and community elderly care concepts attracted the elderly's attention

Ms. Wu said that later the company said it was going public and tricked her mother into signing a 300,000-yuan contract. Debt-to-equity swap agreement. The reporter saw that in the two debt-for-equity swap agreements, Party A is Grandma Cao, and Party B is Shenzhen Qianhai Longjun Home Care Industry Development Co., Ltd. In addition, one Party C is Shenzhen Songjun Health and Elderly Care Industry Co., Ltd., with a total debt of 200,000 yuan; the other Party C is Shenzhen Songbai Health Industry Development Co., Ltd., with a total debt of 109,000 yuan. "The elements of the debt-for-equity swap agreement are unclear, and even the founding date of Songbai Company was after the day we signed the debt-for-equity swap agreement," Ms. Wu said.

On November 8, an investment of Grandma Cao expired and she asked the company to return the principal to her, but the company told her: There is no money now! Grandma Cao thought over and over again and repeatedly pressed for payment. Longjun Home’s attitude was always: I don’t have money now, and I don’t know when I will have money. According to Ms. Wu’s statistics, of her mother’s 700,000 yuan investment, 100,000 yuan has expired but has not been returned, and 16,000 yuan in return has been owed. "The other 600,000 yuan may be in the deposit period, or may have been transferred to debt-for-equity swaps."

The company responded that financial difficulties only occurred this year

The reporter called Longjun Home Company, and a person in charge Regarding the salesperson's "pretend to sign", people said that the salesperson would not sign for the customer without the customer's authorization. However, Ms. Wu said that her father wanted to use money for medical treatment at that time, and her mother made it clear to the salesperson that these two payments would not be renewed.

The other party explained that they are a physical company and have 14 holiday bases across the country. “Whether you are investing or providing retirement care, we will be operating normally before 2020. Even at the end of 2021, we will continue to operate normally. It was being paid normally. "But starting from the second quarter of this year, due to the impact on tourism, vacation and hotel operations, it began to be unable to be paid normally. The other party said that it encountered an "economic stagnation" and had financial difficulties. "The current situation requires cash flow to pay, but the cash flow has not increased."

The other party said that after receiving customer complaints, the company will respond accordingly Corresponding laws and regulations handle and coordinate this matter.

However, as of press time, Ms. Wu reported that Longjun Homes has not refunded the money. At the company site, Ms. Wu encountered many citizens who were in a similar situation as her mother and came to ask for money. “They all have not been given this year’s earnings, and their due principal has not been refunded.” She said that the other company now offers several options, such as letting them buy a house in other places, swap debt for equity, or transfer to another company to re-sign the agreement. “We all think it’s unreliable and that the other party is deliberately delaying.

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