On December 5, 2018, Changfeng Xincun Police Station of Putuo Branch of Shanghai City Public Security Bureau received an alarm call from another place. After the caller purchased a large sum of money for the "stock options" product of an asset management company located in Changfeng District, he was inexplicably closed within a week, suspecting that he had been cheated.
case review
01 Release profit information
Last winter, Mr. Jin received a call from a strange woman at home. She asked Mr. Jin to help complete the task on the other end of the phone. The kind Mr. Jin agreed and approved a WeChat message called "Youyou" at the request of the other party. Later, this "Youyou" pulled Mr. Jin into a WeChat group called "Conversation Group on Stocks, Capturing Cattle and Assets Doubling Exchange Group". Mr. Jin found that this group was all talking about stocks and individual stock options.
** Attempting to participate in "individual stock options"**
Youyou "also recommended Mr. Jin the WeChat account of a person named" Lemon ", saying that she was an assistant." Lemon "posted a link to" a certain financial service APP "in the group for Mr. Jin to download and install it. Since members in the group have been issuing stocks and options to make a lot of money, Mr. Jin gradually became a little excited and asked "Lemon" how to participate in "individual stock options" investment.
02 Take the hook and automatically close the position
"Lemon" told Mr. Jin that the starting price of "individual stock options" with a profit of 220% would be 100,000 yuan. When he learned that Mr. Jin was only preparing to invest 50,000 yuan, he immediately changed his mind and claimed that he could help Mr. Jin purchase 50,000 yuan through his internal employee status. Share and guarantee 100% profit. On the afternoon of the transfer, Mr. Jin received a guidance call claiming to be an investment analyst, and opened a position in the "certain financial service APP" provided by the company to purchase 50,000 yuan of "individual stock options" for a certain stock. Unexpectedly, Mr. Jin, who was preparing to "make money while lying down", was closed in just one week, leaving only more than 10,000 yuan in his account, and he was kicked out of the WeChat group.
** The scammers have a separate "complaint department"**
Feeling cheated, Mr. Jin filed a complaint with "Lemon", worried that Mr. Jin would call the police, so he sent an employee who claimed to be the Customer Complaint Department to negotiate with Mr. Jin and transfer 6500 yuan. In the end, Mr. Jin chose to call the police.
03 No investment qualifications
** Individual stock options **
"Individual stock options" are commonly referred to as "individual stock over-the-counter options". They refer to non-standardized financial speculative trading activities with individual stock options contracts as the trading target in non-fixed and non-unified trading venues. The investment prerequisite must be a formal brokerage company.
** First of all, it was clarified whether the company involved in the case had the investment qualifications of "individual stock options" as claimed by the caller. The police made a special trip to the Futures Supervision Department of the Shanghai Securities Regulatory Bureau, the Second Branch of the Shanghai City Futures Industry Association and other professional institutions, and determined that the company's "individual stock options" related investment qualifications are completely false. **
** Criminal gangs surfaced **
Although the company is registered in Changfeng District, Putuo, its actual business place is not in Putuo. Based on the relevant information provided by the caller, the task force started with bank records and investigated various information related to the company involved in the case. During the investigation, the police also found more than 300 victims who suffered the same fate as Mr. Jin, involving more than 24 million yuan. After layers of investigation and sorting, the task force finally found the company's actual operating location and personnel, and successfully locked in the company's "management".
04 All members were arrested
Various signs from the investigation show that this is a criminal gang with a tight organizational structure and a large number of personnel. On January 6, 2019, the task force began to arrest. The criminal suspects Zhu and others were successively arrested by the police in their respective places of residence. Tan and others also surrendered themselves to the police one after another. So far, the main members of the telecommunications network fraud gang under the guise of "stock options" investment were all arrested.
** Clear organization and division of labor **
After arriving at the case, the criminal suspects confessed to their respective criminal facts. In March 2018, after the criminal suspects Huan, Xue, and Zhu obtained the management rights of an asset management company registered in Changfeng District of Putuo by changing shareholders, the criminal suspects Xue, Tan, and Luo were responsible for managing the company, and hired a special person to create the company's website. On the homepage, he uploaded various "individual stock futures" operation guides, partnerships with major securities companies, and capital flow charts that were completely inconsistent with the actual operating process and other false information. As sales personnel, Xie and others contacted the victim through personal information obtained through illegal channels, induced the victim to download a "certain financial service APP" developed by the company itself, and invested funds in the so-called "individual stock options" product. After the funds are transferred to the company's account, the criminal suspect in charge of finance, Huang, will transfer all the victim's funds to multiple private accounts preset by the company. Afterwards, back-office employees such as criminal suspects Shi, Chen, and Huang Mouming manipulated back-office data and fabricated stock trends, creating the illusion that the victim lost money and was forced to close the position to defraud money.
At present, Huan and other 10 suspects have been transferred by Putuo police to the procuratorate for review and prosecution on suspicion of fraud, and the case is still under further trial.
police suggested
The investment market is risky. OTC capital allocation is mainly operated through the online capital allocation platform of Internet finance companies. The entry threshold is low, but the risks are extremely high and it is easy to fall into huge debt risks. However, many small and medium investors have the dream of getting rich overnight and are still willing to try over-the-counter capital allocation transactions regardless of risks. This gives scammers an opportunity to use fake financial derivative transactions to implement telecommunications network fraud.
Editor on duty: Xie Chenyang
More important police information
Please scan the QR code to pay attention to "Police and Civilian Express Shanghai"
** Webmaster's note: In case of fraud, please bravely call 110**