In July 2013, Song established xxx investment consulting co., ltd. in Baotou, which set up a p2p online loan platform "Yinshi Loan". In August, Song Mou, in the name of other companies, issued false targets through "silver real loans" and raised funds from investors across the country with monthly interest of 3 points and 4 points. In September, there was a capital rupture in the "silver real loan", the investor found that the loan could not be withdrawn after maturity, and some foreign investors even went to Baotou to ask for the arrears and reported the case to the public security department of Baotou City, and then the public security department filed a case for investigation on suspicion of illegally absorbing deposits from the public.
After investigation, Song raised more than 30 million yuan through the p2p online loan platform "silver real loan", most of the financing proceeds were used to return personal loans, there was no corresponding guarantee to guarantee in the financing process, Song was unable to repay, and the investor's funds could not be returned. In September, Song was arrested on suspicion of illegally absorbing deposits from the public. In September 2015, the Kunqu District Court sentenced Song to 3 years and 6 months in prison for illegally absorbing deposits from the public.
Risk Warning
1. In accordance with the requirements of the national Internet financial rectification, except for a small number of p2p online lending platforms transformed into microfinance companies, other p2p online lending platforms have been liquidated due to the existence of capital pools, self-financing, information opacity, poor risk and ability control and other reasons in the operation, and some p2p online lending platforms are still cleaning up existing businesses and new businesses are strictly prohibited.
2. If the p2p online lending platform has difficulties in redemption, investors should first contact the platform personnel to understand the platform redemption plan, and properly keep the transaction records and contracts. If there is no substantial progress in the payment of the platform, and there is evidence that the platform is suspected of illegal fund-raising, the investor should report the case to the public security organ as soon as possible and resolve it through judicial channels.
3. At present, there are still criminals in the name of p2p network lending platform to carry out financial management, promise high returns, the public should strengthen the awareness of risk prevention, do not believe, "you like other people's high interest, others value your principal", high returns often mean high risk, we must do a reasonable job of asset allocation planning.