On February 5, 2024, the Wuhan Intermediate People's Court held a retrial of a fraud case involving postcard investment. The plaintiff in the case, a doctor of economics, was introduced in 2016 to participate in a postcard investment project called the "Fleet Stamp Trading Platform", and as a result, she lost more than 10 million yuan in half a year. The defendant is the actual controller, executive and ** hand of the platform, who used the background data to manipulate the postcard **, defrauded more than 300 million yuan from investors, and used some of them to buy three Bentley luxury cars. The case went through eight years of judicial procedures after the first instance, the second instance and the prosecutorial counter-appeal, which aroused widespread concern in society.
The plaintiff, Li Qing (pseudonym), graduated from a well-known university with a doctorate in economics, has a wealthy family environment, and has been involved in the investment field since high school. At the end of 2015, she met Zhang, the owner of an investment company in Beijing through a friend (handled in a separate case). Zhang recommended the "Fleet Stamp Trading Platform" to her, and said that the postcards (in industry terms, stamp cards) on the platform have huge profit margins, so she opened a trading account on the platform. In March of the following year, under the guidance of Zhang, Li Qing began to trade a postcard of "Lotus Flower", and was later introduced by Zhang to Qin, an executive of the platform. Under the joint suggestion of Zhang and Qin, Li Qing accumulated 1,693 postcards of "Lotus Flowers in the Sun" in the school library, dormitory and other places.
Li Qing introduced that this postcard is worth 60 points, she first took 200,000 yuan to test the water, and the price was already more than 2,000 yuan when she entered, and then the daily limit was 5 consecutive days, "There is good news every day in the WeChat group, and I buy and sell according to their instructions." When Qin went to Wuhan to receive me for dinner, he also said that the price would rise less than 10,000 yuan, and the company would be responsible for buying it back. At the beginning of May 2016, the "Lotus Flower of the Reflecting Sun" rose to 8,000 yuan, and Li Qing worriedly asked the broker if she should sell, and the broker suggested that she "sell it again after more than 9,000", but Li Qing still sold 200 pieces privately. "Soon after the sale, the broker called ** to ask me if I had shipped it and asked me to continue to hold it. They should be able to see all the background data and be able to monitor the operation of **. ”
A week after this private sale, the Fleet trading platform suddenly applied for a suspension of trading, citing "the discovery of abnormal transactions, resulting in abnormal fluctuations". A year later, the entire platform was suspended for rectification, and Li Qing called the police, but the tens of millions of yuan she invested have been imprisoned so far and cannot be realized. During the investigation of the case, Li Qing learned that the postcard and trading rules of the investment were identified by the financial department as illegal varieties and illegal transactions.
Hotspot Engine Plan In 2017, after waiting to no avail, Li Qing chose to call the police. In March 2021, the case was pronounced in the first instance of the Hongshan District People's Court in Wuhan. The first-instance trial found that on June 9, 2014, the Beijing Stock Exchange Company cooperated with Fleet Yunshang Company to establish the "Fleet Stamp Coin Trading Platform" to conduct electronic currency transactions in a centralized trading manner prohibited by the state. After that, Zhang and Qin partnered to establish Hongyun Takiyuan Company, as a gold medal member of the trading platform, and acquired 48 yuan per card for 20 yuan50,000 pieces of "Lotus Flowers" are listed and traded on the platform. Zhang is the actual controller of the company; As a shareholder and supervisor, Qin is responsible for raising funds and collecting monthly interest25% profit; Wei is the director, commanding Jia, Wu and others. The first hand, the driver and others became the chairman and legal representative of the related company, and the profits from the speculation of "Yingri Lotus" were transferred to Zhang's personal account, and Zhang bought three Bentley cars during the operation of this business.
The court ascertained that the "Lotus Flower" and the relevant trading rules involving the suspension of trading were identified by the financial authorities as trading varieties and unapproved trading rules and trading systems that were listed in violation of regulations; The "Fleet Trading" platform is not in line with the market, the company can view the background data, and 45 accounts are opened by employees, drivers and their relatives and friends, and adopt the methods of self-buying and self-selling, selling high and reaping low, manipulating the rise and fall of the collection on the platform, and earning handling fees and loss fees from investors entering the market. As of the time of the case, a total profit of about 3300 million yuan. The Hongshan District People's Court of Wuhan City ruled that Zhang Mougeng, Qin, Wei, Jia, Wu and others constituted the crime of fraud and were sentenced to seven years and six months to 15 years, and were respectively fined.