The Shanghai wealth management product platform "Admiralty Asset Management", which raised more than 30 billion yuan, was seized by the police and filed for investigation. More than 654.38+300,000 investors suffered losses due to this incident.
2065438+On April 6, 2006, all the business halls in China, Tianjin and Shanghai were closed down, and more than 20 core members were arrested. What kind of financial platform is this? Rent a whole floor and a whole building in the top office building in the top section of Shanghai, and you can see its advertisements in prime locations. Xiao-Ting Pan, the "Queen of Nine Balls", was invited to speak for her, and even named a well-known local blind date program "See you on Saturday". Beautiful employees even drove Ferraris and held tens of thousands of cash to show off their wealth.
At the end of 20 14, Admiralty Assets launched a wealth management product with an annualized rate of return of 40%, which is characterized in that the principal cannot be redeemed, but the annual income can reach 40%. Li Youxing, deputy dean of the Internet Finance Research Institute of Zhejiang University, said, obviously, what you want to earn is interest, but they are eyeing your principal. "In the end, we can only use the money of the people behind us as a reward for the people in front. The deficit is getting bigger and bigger, it can't be supported to a certain extent, and the capital chain is broken. "
According to the Shanghai police, since July 20 12, Admiralty Assets has invested and registered more than 50 shell companies, controlled more than 100 limited partnerships, leased high-grade commercial buildings and hired a large number of salesmen, promised high annualized income by means of false business and inflated performance, and illegally absorbed funds from the public through "online promotion and offline promotion".