Why do many financial managers say that gold is a fake law?

It has been nearly a month since the famous illegal fund-raising case of Jinjia Investment Group broke out, but the speculation about why this once "provincial star enterprise" suddenly became a "fraud gang" has never subsided. As the case is still in the process of further trial and has not been publicly disclosed, the market can only try to restore the downfall of the Huang family through news and materials at all levels.

At present, the speculation on the reasons for the decline of Huangjia in the market mainly focuses on two versions:

1. The capital chain is broken-Jinjia Company cannot defraud more new funds to return the huge interest and principal due at the next level.

2. Customer run-the joint presence of inspection teams leads to slow withdrawal of funds, and customers listen to rumors and demand centralized withdrawal of funds, leading to a run.

At present, it is meaningless to distinguish the authenticity of the above two versions, and the final answer is given by the functional departments of their respective governments.