Pengcheng Dai was accused of a Ponzi scheme, and its boss Wang Long was wanted for defrauding hundreds of millions and absconding

The rapidly expanding online loan industry has suddenly accelerated its reshuffle, with almost one company closing down every day on average. What is the story of the failed online lending platform? For the first time, an insider of a bankrupt online loan company told reporters the unknown inside story - false bids, high interest rates to absorb savings, and hiring vests to pretend to be major investors...

On the afternoon of December 1, Shenzhen At Century Center of Excellence in Futian District, Ma Yunpeng, general manager of Pengcheng Venture Capital Management Company, was sitting in his office. The office hall was empty and the chairman's room was in a mess. This is a person-to-person (P2P) online loan platform. According to industry practice, it is called "Pengcheng Dai". Under the bright sunshine, there are many high-end office buildings surrounding this Grade A office building. Most of Shenzhen's more than 100 online lending platforms have settled in this area.

In just a few days, Ma Yunpeng experienced a drastic change in his identity. He used to be a company executive, but now he is an executive, a subject of police investigation, and a victim of online loan fraud all in one.

"I invested 3 million yuan in Wang Long. More than 1 million yuan of it came from credit cards. I don't know what to do next." Ma Yunpeng looked tired.

He called the investment company's online loan project "investing in Wang Long" because the company's funds are all in the personal account of the legal representative and chairman Wang Long, who is the boss of this company. , who is also the one who controls everything. This is a typical example of extremely irregular finances in the online lending industry.

The boss ran away

Yesterday, many investors held up a debt collection banner at the entrance of the company - "Pengcheng Loan Wang Long defrauded hundreds of millions and absconded". They have reported the case to the Shenzhen police .

“I don’t know why the boss ran away, there were no signs.” Ma Yunpeng said that before the boss ran away, no one threatened or forcibly collected the bill.

In fact, the collapse of online loan platforms is not without signs. The most important thing is the difficulty of withdrawing cash, because this means that the capital chain is broken. When most online lending platforms restricted cash withdrawals before they went bankrupt, they said the reason was problems with repayment. If there is a temporary delay in repayment, it is not a serious problem in online loan platforms. In fact, most platforms are playing the game of tearing down one wall to pay for the other. This difficulty cannot be solved.

Pengchengdai began to issue a "short-term cash withdrawal restriction" announcement on November 4, saying that several repayments have been overdue recently, and the company has decided to implement circular restrictions within 7 days based on the order of withdrawal application time. The limit for payment is 5,000 yuan per person per day, and investors will be compensated 0.13 yuan per day for standing guard during the period.

Free withdrawals were not resumed on November 11, and they only announced that the company would increase the company’s daily total withdrawals to 700,000 yuan in the next four days. This means that even if the withdrawal limit is 5,000 yuan, it can only satisfy 140 people. investors. "Actually, at that time, the real withdrawal limit was reduced to 1,000 yuan, but at that time, everyone was still willing to believe Wang Long. The fraudulent platform could just run away without having to pay 200,000 to 300,000 yuan every day, but Wang Long did not run away." Ma Yunpeng said.

Another four days have passed and the situation seems to be improving. The company said that large amounts of funds will be received on November 15. Investors with less than 200,000 yuan can withdraw up to 45,000 yuan each; 200,000 yuan. Those with more than 30 yuan can withdraw 30 yuan. Just when investors thought Wang Long and the company were working hard to solve the problem of repayment, they learned in late November that Wang Long had disappeared, and many investors ended up with nothing.