Burst
Written by: Yang Wanting, Lu Jiayu, Chen Haoran, Yu Ruijing, Chen Kangzhi
2021-01-22 20:00
Last update date: 2021-01-22 21:20
The police detected an investment scam involving up to 100 million yuan. In the case, the scammers used investment seminars to solicit victims and participated in investment projects including setting up nursing homes. They claimed that they could get a high return of 60 to 70%. However, the victims later It was discovered that the relevant project had been delayed and "unfinished." When trying to recover it, it was discovered that the scammer had escaped. 182 people were deceived, with a total loss of 110 million yuan.
The police arrested 5 men and 2 women for "conspiracy to defraud."
The police detected an investment scam involving up to 100 million yuan.
(Photo by Chen Haoran)
The Chief Inspector of the Crime Unit of West Kowloon Region, Prince Yu, stated that from August 2018 to November 2020, about 182 victims were introduced to the fraudsters in the case through social media, friends, or investment missions, and participated in their organization. During the investment seminars, scammers will lobby the victims to participate in different high-return investment projects, including nursing homes, and become shareholders of their companies.
The scammers will also take the victim to inspect the unit and inspect the progress of the renovation project, and will use different excuses to delay the opening of the investment project, and then lobby the victim to increase the investment in order to collect regular interest from the company.
When some of the victims went to the company's office to pursue a claim, they discovered that the company had gone to the building in October 2020 and called the police.
The Prince Yu also pointed out that according to the investigation, the two nursing homes in Tsuen Wan and Wan Chai were not licensed to operate.
182 victims include retired and professional
After investigation by the Regional Crime Squad of West Kowloon Region, it was discovered that the fraudsters in the case rented a commercial building unit in Tsim Sha Tsui as an office and held investment seminars in September 2018. 182 victims were involved and the investment amount was from 50,000 to 5.7 million. Etc., most of them are used for investment in nursing home projects.
Among the victims are retirees and professionals who want to earn better returns with their savings, so they become targets of scammers. In addition, some victims use loans and investments to earn interest margins. The total investment amount is 110 million. yuan.
The police conducted an arrest operation from January 20 to 22 this year, arresting 5 men and 2 women, aged between 33 and 49, on suspicion of conspiracy to defraud. The police do not rule out the arrest of more people.
Exaggerating the number of beds, claiming a return of 70%
Wang Ziyu pointed out that through investment seminars, fraudsters claimed that the company had professional knowledge and experience to induce the victim to invest and become a shareholder, but the victim was unable to control the actual operation of the project and understand the actual situation except for visiting the relevant location and decoration Related expenses and the company's financial status.
Wang also pointed out that investment projects exaggerated the return on investment and used false or even deceptive statements to solicit. For example, the nursing home project claimed a return of 60 to 70%, but the figures were based on exaggerating the number of beds and income, and claimed that if the nursing home failed The victim can also get back the principal when it opens.
When investment projects are unfinished and rent arrears, the company continues to conceal and promote, and launch high-yield bonds to induce victims to continue investing.
Five men and two women were arrested. The prince said that three of them were company directors and the rest were sales staff. One of the arrested persons was arrested when he was planning to leave the country. The police found multiple cash on him.
It is understood that there are 4 chairman and directors of the Kaibo Group involved, including the chairman surnamed Xu, the vice chairman surnamed Liang, and two directors surnamed Ma and Li.
The group attracts investors to invest in shares with a high return rate of 3 to 50% each year. It has also established the "Kaibo Wealth Creation Association" to hold investment seminars on different topics. During the epidemic, it also held seminars with Zoom to take the opportunity to attract investors.
At present, the official website of Kaipai is no longer available, and the various investment projects developed by the "Kaibai Wealth Creation Association" and the company, such as nursing homes, car services, catering, etc., can still be viewed in most software programs or websites.
The group restaurant has no business office and is messy
The reporter also went to the group's office in Tsim Sha Tsui this afternoon and found that although the office room had lights on, the building was empty. The room was messy and letters were scattered all over the floor.
The nursing home and two restaurants opened by the group in Tsuen Wan were not open. One of the restaurants was halfway closed. A man was picking up items. He claimed that the restaurant was closed and he was not a person in charge or a staff member, but was only employed. Go to the store to pick up.
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