Recently, the Shanghai police successfully detected a compound case of illegal over-the-counter capital allocation, manipulation of the securities market, and bribery of non-state employees. There were 4 criminal gangs that destroyed trading transactions, cooperated with locking positions, over-the-counter capital allocation, and software development, and arrested more than 50 criminal suspects. After investigation, the criminal suspect leased more than 500 securities accounts, concentrated capital advantages and shareholding advantages to buy and sell 3 individual stocks in a row, inducing investors to enter the market to invest, thereby raising the stock trading price, and the illegal profit book floating profit exceeded 200 million yuan. Shanghai police revealed that in December 2020, when investigating a fraud case, it was found that criminal suspect Li Mou had registered an asset management company to obtain illegal benefits, and used mass advertising information to recruit investors, using an unapproved securities trading software with functions such as securities trading, sub-position management, liquidation commission, etc., to illegally provide securities allocation services with leverage ratios ranging from 3 to 10 times, and collected interest and handling fees for capital allocation, illegally profiting more than 2 million yuan.
Mao Xin, police officer of the Economic Investigation Detachment of the Pudong Branch of the Shanghai Municipal Public Security Bureau: The total amount of funds allocated is 300 million, and the cumulative securities trading volume has reached 900 million. The police found that since 2019, Li has not been satisfied with the illegal benefits brought about by the over-the-counter capital allocation service fee, and has the idea of using a large number of securities accounts to manipulate the securities market for profit by relying on its funds and shareholding advantages. Li set up a trading team of more than 10 people, rented a number of houses in Shanghai, and rented more than 500 securities accounts from others. In 2 years, the transaction volume of Li's gang reached 6 billion yuan, and the floating profit on the book exceeded 200 million yuan.
Wang Zheng, commander of the ninth detachment of the Shanghai Municipal Public Security Bureau's Economic Investigation Corps: Li mou put relevant funds into the secondary market through a leased account, bought and sold specific stocks, enlarged the stock trading volume, and attracted investors to follow the trend, so as to achieve the purpose of profit. In order to improve the profit probability of the manipulated stocks and reduce the cost of funds they need, Li and others hooked up through the introduction of others, got to know a certain asset management product manager Yang, and discussed that by paying more than 1.9 million yuan in benefit fees, Yang used the convenience of his position to use the asset management product securities account controlled by him to help Li lock the stock in accordance with the prior agreement with Li.
At present, the public security organs have transferred more than 50 criminal suspects, including Li Mou, to the procuratorial organs for examination and prosecution on suspicion of manipulating the securities market and illegal business operations, and Yang mou has been transferred to the procuratorial organs for review and prosecution for the crime of accepting bribes from non-state workers.
(CCTV Finance)