| Jing Wenjing
Editor| Lu Ming
After nearly three years, the "Fast Deer" fund-raising fraud case was finally completed.
On January 16, according to the official WeChat account of the Shanghai No. 1 Intermediate People's Court, the Shanghai No. 1 Intermediate People's Court publicly pronounced a verdict in accordance with the law on the defendants Kuailu Group, Donghongqiao Small Loan Company, Donghongqiao Guarantee Company, and defendants Huang Jialuo and Wei Yanping, as well as defendants Huang Jialuo and Wei Yanping, who raised funds for fraud and illegally absorbed public deposits, and sentenced Kuailu Group, Donghongqiao Small Loan Company, and Donghongqiao Guarantee Company to a fine of RMB1.5 billion, 200 million yuan, and 200 million yuan respectively for fundraising fraud, and sentenced Huang Jialuo and Wei Yanping to life imprisonment for fundraising fraud. Xu Qi, Zhou Mengmeng and the remaining 13 defendants were sentenced to fixed-term imprisonment ranging from 15 to 9 years and fined.
According to the trial, between September 2013 and August 2015, shi Jianxiang (handled in a separate case) set up a Kuailu Group with kuailu Group as the core and unified management of the East Hongqiao Small Loan Company, the East Hongqiao Guarantee Company, and the financing platforms of the Jinlu Department, the Tiantian System, and the China Overseas Investment Department in order to carry out illegal fund-raising activities.
A major fraud case involving film and television, finance and the Internet has temporarily come to an end.
A tragedy produced by a movie
The collapse of the "fast deer system" can be called a crisis caused by "Ip Man 3".
At that time, at the end of March 2016, investors surrounded Jinlu Caixing, and Xu Qi, special assistant to its chairman, explained to investors that due to the impact of the false box office incident of "Ip Man 3", there was a problem with the film box office revenue right wealth management product Film and Television Treasure.
At this time, it was only 1 month after the release of "Ip Man 3". On March 4, "Ip Man 3" was released, and the box office exceeded 400 million in just 60 hours. Subsequently, netizens posted ticket stubs and exposed false box office scandals. On the afternoon of March 6, the Film Administration of the State Administration of Radio, Film and Television held a special meeting and made a solemn statement on the special governance of the film market, ordering relevant producers, distributors, ticketers, theaters and theaters to immediately stop improper marketing behavior, and will deal with it in accordance with laws and regulations depending on the seriousness of the circumstances. On March 7, the Film Administration of the State Administration of Radio, Film and Television interviewed the main person in charge of "Ip Man 3".
Under a series of scandals, the box office revenue of "Ip Man 3", starring Zhen Zidan and many first-line actors at home and abroad, was far from the expected.
According to the public information at that time, the box office of "Ip Man 3" was directly related to the income of Kuailu's wealth management products.
As early as before the release of "Ip Man 3", Kuailu has launched crowdfunding through a variety of financial products, taking the "box office sale" as an important part of the operation of the capital chain. Affected by the box office fraud incident of "Ip Man 3", in late March 2016, The phenomenon of overdue payment occurred in the east Hongqiao Finance, Jinlu Financial Bank and the wealth of the day. On March 31, Golden Deer officially announced the suspension of payment.
Frequent family scandals after accidents
Such as the domino effect, the "fast deer" crisis is becoming more and more uncontrollable. The 40,000 investors who were attracted by a flyer or celebrity Weibo regretted not being able to do so.
In May 2017, the "Kuailu" fund-raising fraud case was filed by the Investigation Detachment of the Changning Branch of the Shanghai Municipal Public Security Bureau. In September 2018, the "Fast Deer Department" was tried at the Shanghai No. 1 Intermediate People's Court.
According to the prosecution's allegations, from March 2014 to April 2016, Kuailu illegally raised more than RMB43.4 billion, through the use of promotional meetings, sending leaflets and Internet advertisements, randomly making phone calls, holding or sponsoring performances, etc., to publicize and sell wealth management products to the public through stores and the Internet. The move was not approved by the relevant authorities and caused huge economic losses to nearly 40,000 victims. By the time of the case, the actual economic losses in this case totaled more than 15.2 billion yuan.
In November 2015, a product of the "Fast Deer Series" posted an activity cooperation with Huang Xiaoming on the official blog. Later, when the product exploded, "summoning Huang Xiaoming to pay back" became a Weibo topic. Some investors also said at the time that it was precisely because of Huang Xiaoming's popularity that they invested in Kuailu products.
It is worth noting that after the accident, the first to shout the slogan of recovery is precisely kuailu itself.
In July 2016, Kuailu itself published a recovery list involving nine executives and 2.5 billion yuan in creditors' rights. Kuailu Group said that the behavior of the person being pursued had a great impact on the payment work of Kuailu.
In August of the same year, Kuailu Group announced on its official website that Zhou Mengmeng, the former president of its China Overseas Investment Group Corporation, together with Sun Ye and others of Kuailu Group, hid official seals, made false statements, and sold false asset packages in Shanghai and Ma'anshan areas, with an amount of up to 1 billion yuan.