1-2 days, Chinese authorities arrested 21 people in a multi-level fraud line has 900,000 pickpocket victim of more than 50 billion yuan, equivalent to $ 7.6 billion.
Ding Ning and Zhang Min, two key figures in the fraudulent multi-level line of $ 7.6 billion - Photo: SCMP
According to Xinhua, this is the member firm network Ezubao finance. The company is committed to the investors about the profit amounted to 9 to 14.6% per year in a series of projects. This profit margin ahead of many financial services that banks offer China.
Since going into operation in April 7-2014, Ezubao has attracted more than 50 billion yuan from 900,000 investors. In fact all of Ezubao projects are "votive", and the company takes money from new investors to pay old debts.
Ezubao its subsidiary Yucheng Group. Group general manager Zhang Yucheng Min, one of those arrested, admitted Ezubao "just a model Ponzi scams". Yucheng Group spent about 800 million yuan, equivalent to 121 million dollars, to buy financial information from companies in order to set up the virtual project.
President of Ming Ding Yucheng is splashed scam investors from hand to live lavish, libertine. He also gave Zhang a villa worth nearly $ 20 million in Singapore and more than 500 million yuan, equivalent to $ 75 million in cash.
Sources told the South China Morning Post said Ding Ming, 34, a former salesman for the family, with absolutely no qualifications or bank financing. Ezubao inception, he splashed out for PR activities, always present themselves as wealthy giants.
All employees are required Ding Ming wear designer clothes, expensive jewelry, fancy ride ... "to promote the image of the company". Currently the Chinese authorities froze all assets of Ezubao and related companies.
Hello!
Pleased to see you as my friend. I introduce to you how to make money on the Web / Blog. You subscribe to that code Popcash and paste into web / blog, you do not need to do anything. Visitors click anywhere on the web / blog it self out popunder ads, you have the money. The minimum payment $ 10ud. You see Register here =
see more! follow the link!
Wish you urinary money
No comments:
Post a Comment