A private equity influencer who had reported others for manipulating the market was sentenced for the crime of market manipulation.
Author |High Mountains.
Editor丨Gao Yan.
* |Bronco Finance.
Ye Fei, a private equity big V who once reported the "pseudo market value management" of listed companies, was sentenced!
On December 19, the Qingdao Intermediate People's Court (hereinafter referred to as the "Qingdao Intermediate Court") disclosed a number of typical cases of criminal trials, one of which was "Internet big V colluding with others to speculate and manipulate stock prices-."Ye's case of manipulating the ** market
According to the "Shanghai ** Daily", "Ye" in this case is the one who reported the listed companyYe Fei, a private equity boss with "pseudo market value management".
The verdict disclosed by the Qingdao Intermediate People's Court shows that in view of Ye's accessory and confessional circumstances, the Qingdao Intermediate People's Court sentenced him to the crime of manipulating the ** marketsentenced to three years' imprisonment and a fine of 500,000 yuan
More than two years have passed since Ye Fei's "whistleblower door" case occurred.
In May 2021, Ye Fei self-detonated and reported that 12 listed companies including Haozhi Electromechanical conspired with the market side to carry out "market value management", and the A** field was set off in a monstrous wave.
*: Ye Fei Weibo.
Due toWhen Ye Fei was in **Zhongyuan Home, he once mentioned Nanling Civil Explosion on Weibo, saying that he was the "good brother" of Nanling Civil Explosion Banker.
This has not only aroused widespread concern in the capital market, but also attracted action from regulatory authorities. In September 2021, Ye Fei, who assisted in manipulating ***, was arrested and brought to justice.
*: Qingdao Intermediate Court***
The Qingdao Intermediate People's Court explained that (in the case of manipulating the stock price of "Nanling Civil Explosion") Ye knew that Liu and others were manipulating a listed company, and after collusion, he decidedFunded by Liu, Ye's organization and personnel went to the listed company to investigate, publish a research report, and then Ye contacted ** to hype the company's development of advantageous industries and other concepts to trick investors into buying the company**, help Liu and othersThe profit was more than 2,900 yuan。Ye's behaviorIt constitutes the crime of market manipulation
Because of this, Ye Fei ushered in a 3-year prison sentence and a fine of 500,000 yuan.
The Qingdao Intermediate People's Court said that the case is a frequent case of "black mouth" market manipulation. In order to obtain illegal benefits, the persons involved in the case used their influence to hype up concepts, market hotspots, etc., through a variety of communication platforms, directly or indirectly recommending**, and then committing the crime of manipulating the market. This kind of crime deviates from the principle of free competition and supply and demand in the market, and is extremely harmful. The court reminded practitioners that they must strengthen their awareness of law-abiding and must not use their influence or popularity to undermine the normal trading order of the market. At the same time, the majority of small and medium-sized investors should keep their eyes open and not be misled, so as not to cause losses.
Born in 1979, Ye Fei entered the Chinese market in 1994 and began to engage in institutional private equity investment in 2003. According to public information, Ye Fei is a private equity player and won the first place in China's ** Folk Master Competition in 2007.
In 2010, Ye Fei founded Huaibei Yitian Investment, hereinafter referred to as "Yitian Investment"), and served as the general manager of the company. Four years later, Ye Fei resigned as the general manager of Yitian Investment, and in August 2020, he withdrew from the position of legal representative and the company's senior management personnel for the record, and Zhang Wenke became the new legal representative. Up to now, Ye Fei is still the suspected actual controller of the company, holding 99% of the shares.
As early as many years ago, Ye Fei was reported to manipulate stock prices.
In September 2015, the China Securities Regulatory Commission reported that Ye Fei from May 13, 2015 to June 30, 2015, manipulated Xinwei Group, Jinxi Axle, JAC, Autoxun, Zhongqingbao, etc
The above 5 **, Ye Fei made a profit of 663790,000 yuan. In response to the above problems, the China Securities Regulatory Commission confiscated Ye Fei's illegal gains and imposed a fine of 19.91 million yuan, with a total fine of more than 2,600 yuan.
In August 2016, the China Securities Regulatory Commission (CSRC) notified the law enforcement of the special inspection of private placement in the first half of 2016, and Ye Fei and his subordinate Yitian Investment appeared on the list of administrative supervision measures, and Ye Fei was also the only individual who was notified of the regulatory measures in this special inspection.
In May 2021, Ye Fei and his affiliates Yitian Investment*** have become the executors, and the execution target is 72650,000 yuan, and the enforcement court is the People's Court of Nankai District, Tianjin. In August 2020, the plaintiff Li Yang froze the bank deposits of 2.36 million yuan in the name of Yitian Investment through a non-litigation preservation review application for a period of one year. In September 2020, Ye Fei and his Yitian Investment were listed as old men by the Hefei Railway Transport Court, and were restricted from high consumption, with an enforcement target of 82460,000 yuan.
On the whole, the total amount of Yitian Investment controlled by Ye Fei is 28.4 million yuan, and the total amount of unfulfilled is 27.45 million yuan, and the unfulfilled ratio is 967%。
Ye Fei, the former whistleblower and tainted witness, finally ended up in prison, and such an ending was also expected. From the perspective of the industry, it is a further embodiment of the accelerated optimization of the A** field ecology.
Ye Fei's so-called "market value management" refers to the behavior of manipulating stock prices through external funds to achieve specific goals. Specifically, it is that listed companies collude with the secondary market to use capital advantages and information advantages to manipulate stock prices, and form a one-stop industry, from information disclosure - distribution plan - sell-side analyst research report - capital ** have a special person responsible, seriously damaging the interests of investors.
A senior person said that most of the companies involved in market value management are small market capitalization companies below 5 billion, and these small market capitalization companies are easy to manipulate because the circulating market value is too small. The participants are mainly the major shareholders of listed companies, that is, the market makers, intermediaries, receivers, etc., and most of them are private equity leaders as market makers.
In this hidden business chain, listed companies can play an "important role", one is to disclose inside information to the market maker, so that external funds can enter at a low price, and the other is that the listed company is also better equipped with analysts to issue research reports, with the release of good news, pull up the stock price to facilitate the high price of the market maker. In the case of the participation of listed companies, most of the company's actual controllers and important shareholders are inevitably involved.
After Ye Fei broke the news, there was a mutual attack between Yang Zhen and Xu Yafei, a capital intermediary, and in 2022, a news about the arrest of Chen Long, the former chief strategist of Zhongtai, shocked the industry, and it was reported on the Internet that Chen Long had joined hands with you to speculate through a small group of more than 20 people, and he has been arrested.
With the manipulation of the market that has attracted great attention from the market, the "industry chain" has gradually become public, and the stock price manipulation by means of market value management has also been strictly controlled. In this context,In 2022, the CSRC handled a total of 78 market manipulation cases, a year-on-year decrease of 30%.
*: "CSRC Release" official WeChat.
Yi Huiman, chairman of the China Securities Regulatory Commission, once said that the China Securities Regulatory Commission has always maintained a "zero tolerance" posture for "pseudo market value management", and will deal with the relevant parties in the interest chain, no matter who is involved, once verified, it will be dealt with strictly, quickly and severely and disclosed to the market in a timely manner.
In July 2021, the Office of the CPC Central Committee and the Office of the State Council jointly issued the "Opinions on Strictly Cracking Down on Illegal Activities in Accordance with the Law", which clearly requires adhering to classified supervision and precise crackdown, strictly and quickly investigating and dealing with major illegal cases such as fraudulent issuance, false statements, market manipulation, insider trading, trading with non-public information, and fabricating and disseminating false information in accordance with the law, and increasing the accountability of the controlling shareholders and actual controllers of issuers, illegal intermediaries and their practitioners.
China Times reported that China's private "whistle-blowing" capital market illegal forces are rising rapidly, in this regard, Liu Junhai, director of the Institute of Commercial Law of Chinese University, said that there may be a common weakness of human beings: a person has a concept of right and wrong, but sometimes may prefer the people around him to be loyal to him, legal justice and Jianghu righteousness are sometimes consistent, sometimes contradictory, choose "big righteousness" or "small righteousness", different people's answers may be different.
In addition, with the tightening of regulatory policies and the maturity of investors' investment concepts, investors are increasingly valuing the medium and long-term investment value of a listed company. Therefore, instead of focusing on stock price fluctuations, listed companies should strengthen communication with investors while doing a good job in fundamentals, attract the scarce attention of investors, and let investors fully understand their business models and development prospects.
What do you think of Ye Fei's sentence of three years?What do you think about the "pseudo-market value management" of listed companies?Welcome to leave a message in the comment area to chat.