The sales of the planting system were not refunded 4 billion and were arrested

Big Cat True Detective Agency

2024-05-21 19:53Posted in Beijing, creator in the field of finance and economics

Author | Cat brother

Source | Big Cat Finance Pro

Recently, 5 financial advisors of Hengtian Wealth in the planting system were arrested.

Because it involves criminal offenses, many executives of the planting department have gone in before, and the few who are now in are those who did not cooperate in the process of recovering stolen goods.

1. In the face of Uncle JC's continuous persuasion, some refused to answer the phone, and some had a bad attitude, and directly refused to return;

2. Some people need to recover a large amount, but they only refund a small part and feel that they are fine, and the rest will not be refunded;

3. Some people have already returned the payment, but they incite others not to return, and they don't know what to think;

The news came from within Hengtian Wealth, and their person in charge held an internal meeting, mainly to knock on the incumbent and departing financial advisors, saying that the commissions earned in the current year were all stolen money to be returned in the future. This is not the end of the matter, there are still many actions in the future:

1. The 5 financial advisors who were arrested are just the beginning, and there will be a list in the follow-up, and the risk has nothing to do with the position and amount, and it is only a matter of time before they are recovered;

2. In Beijing, as long as you take the initiative to return the stolen goods in full, there will be no big problem, and now it is still "flexible", the later the risk, the greater the risk, and other provinces and cities may directly arrest people;

3. In-service and resigned employees are treated equally, and those involved in "fixed financing" are all involved in the case;

4. Don't incite confrontation, try not to return the money, known things, the current scope of recovery is not only Hengtian Wealth, the entire planting system, there is only one option to return the stolen goods.

In 2023, the Zhongzhi system will be thundered, and about 150,000 high-net-worth customers will be buried inside.

In March this year, Chaoyang District issued a notice, "asking other relevant personnel of the company involved in the case to actively cooperate with the investigation and evidence collection, and actively return the illegal gains".

After the announcement was released, many employees received the refund text message, but at that time, the big refund in everyone's mouth was still the company's executives, such as Zhou Bin, the president of Hengtian Wealth, with an annual salary of 95 million, and Zhou Bin has been in Hengtian Wealth for more than 9 years.

And now, the voluntary return of stolen goods has entered the supervision period, and financial advisers who are not in the executive sequence have become the main targets of recovery of stolen goods.

How big is it?

The scope of this recovery is mainly Zhongzhi's fixed financing products.

What is Tranquility?

It is targeted financing, for example, if the enterprise has financing needs, through the guarantee filing of the financial exchange, the investor can pay money to the enterprise, and within a certain period of time, the enterprise will repay the principal and interest.

The planting system plays this set very well, the regular gold exchange is not easy to find, but there are still a lot of "fake gold exchanges" in remote areas, for taxes, some places have approved a lot, and even some companies are registered in the village.

After this channel, the financing company is the planting company, the guarantee belongs to the planting system, and its four major wealth companies are responsible for packaging and selling financial products.

These wealth management products have a yield of 8%-12%, plus the threshold of 1 million, many rich people are crazy to buy.

The money was used to invest in urban investment infrastructure, capital markets, real estate and other projects, the peak of the planting system operated hundreds of billions of funds, holding more than 50 listed companies, and with the death of the actual controller Xie Zhikun, the planting system also gradually collapsed.

After the thunderstorm, the planting system only has 200 billion assets left, but the debt is 420 billion-460 billion, insolvent, according to the calculation of practitioners, the fixed financing products as of the thunderstorm, leaving about 250 billion holes.

So how much money does a financial advisor have to refund now?

According to the information of the recruitment platform, financial consultants are a high-paying industry, and the average monthly salary of financial consultants is more than 20,000 yuan, of course, the main income is still based on sales commissions.

For example, the commission ratio of Hengtian Wealth financial advisors is 1%-2%, calculated from the threshold of 1 million, only the basic performance commission, the maximum can be 20,000 yuan, and in addition to the commission, there are bonuses.

And many gold medal sales, a single performance of more than 100 million is a common thing, and there are sales champions who can sell 6 billion a year, even if the average ratio of 1.5%, the relevant achievements can get 90 million.

Generally speaking, the return of stolen goods is mainly commission, commission, bonus and other income, and some places also include wages, that is, the more you earn at the beginning, the more you need to return.

In this, the commission of employees alone needs to return nearly 4 billion stolen goods.

They themselves may feel quite "wronged".

Originally, financial consultants are also a profession, and they are just workers in the company, receiving salaries and earning commissions, who would have thought that they would have to spit it out in the end.

But, in fact, it's really not wronged.

From a logical point of view, from product design to risk control and then to sales, although financial advisors are in the name of "consultants", they actually do the work of sales is the end of the whole link, and it is also the most important part.

The characteristic of wealth management sales is that it is responsible for sales performance, but not for investment results.

According to the calculation of practitioners, even if it is an 8% rate of return, plus various costs, in the end, the money needs to earn 15% of the income to cover the interest that needs to be paid.

These high-risk financial management have become "fixed income" in their mouths, fully grasping the weaknesses of human nature.

From a legal point of view, as a participant in an illegal act, it is necessary to order the return of stolen goods for illegal gains, and those who take the initiative to return stolen goods and sincerely repent of their sins can be punished or even exempted from punishment, and there is also a law to follow.

And the most wronged is probably the original investor.

From financial management to non-absorption/non-collection, it is an overnight thing, ranging from millions to billions, with heavy losses.

Now, even if the financial advisor returns the stolen goods, it is difficult to cover all the losses, and it can only be recovered little by little.

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