The group that has been engaged in financial fraud and financial fraud for seven consecutive years is Baibaolong Group. Baibaolong Group was established in 2006, relying on thoughtful service and particularly successful business model, and seeking profits by providing customers with developed fabrics and some large-scale organizational forms.
The actual controllers of Baibaolong Group are Mr. and Mrs. Chen Weixiong, who are the chairman, general manager and decision makers of the Company. At the initial stage of listing, the company's performance level was normal and stable, and its annual income was between 600 million-10 billion. However, through police investigation, Baibaolong earned more than one billion yuan in false income, and their loan and deposit information to the bank was also obtained by making false accounts.
Not only that, the two also defrauded the company's charitable donations, the procedures did not meet the requirements, and they did not fulfill their obligations in accordance with the regulations. Now, the evidence of the company's false accounting has been made public, and six years of financial fraud has put Chen Weixiong and his wife in jail. Chen Weixiong's company, Baibaolong, was fined10 million yuan, and Chen Weixiong and his wife were fined 5 million yuan, and they were forbidden to enter the market again for life.
In fact, the problem of financial fraud has appeared hundreds of years ago. There are more and more fraudulent means and deeper routines, which makes it difficult for the regulatory authorities. In addition, the problem of illegal cashing also belongs to financial fraud.
Besides Chen Weixiong holding 40% of the shares, there are many minority shareholders in Baibaolong Enterprise who share the remaining shares equally. In addition to making false accounts, the couple are still cashing in. For example, three years ago, Chen Weixiong successfully completed a package deal of more than 500 million yuan through block trading and auction trading. In addition, the two also cashed in more than 4 million yuan by transferring shares to the bank and mortgaging shares. In other words, in the past three years, the two have cashed in nearly one billion yuan by using their status as equity holders.
According to the police report, after the cash was successfully cashed out, the two men planned to flee abroad with the money, but the administrative punishment was one step faster than them, first with a sky-high fine and imprisonment. Now the equity of Mr. and Mrs. Chen Weixiong will be transferred to Zhongtai Group.
How should ordinary people identify the threat of financial fraud to their own financial security? First of all, you can check the currency proportion of the selected company and compare it with the company's data in recent years to see if there is any obvious increase or decrease. Because the virtual profit required by the cost needs these funds to prove it, you can also check the loan information of the legal person account. If there is a lot of loans, then this company is not trustworthy.
In addition, you can also check the transfer time period and compare it with historical data, paying special attention to those bad debts in the accounts. Too many bad debts will directly affect the comparison of accounts. If the data increases significantly or too many bad debts affect the comparison, there is a possibility of artificial fraud.
Finally, you can compare accounting and accounting in enterprises. Any buying and selling economy needs costs, so if the collection accounts have been greatly improved, or the sales volume has been greatly increased, but the accounts of imported and purchased raw materials have not changed, it means that the sales volume is suspected of fraud.
Zhongtai Group acquired 30% equity of Chen and his wife. Is this good or bad for him? Is it rich or a mess?
Any illegal financial fraud is not desirable. If you have such a mind, why not use it in the right things and get wealth by proper means?