Since March 2006, Wu Ying has registered and established 12 industrial company in Dongyang, covering many fields such as commerce, real estate, hotels, internet, advertising and so on. Among them, the registered capital of Zhejiang Bense Holding Group Company alone is 50 million yuan, Wu Ying himself contributed 45 million yuan, and another 5 million yuan was contributed in the name of Wu Ying's sister Wu Lingling.
"200 million cash bought more than 700 pavements on the third floor of Dongyang Century Trade City; 5 million yuan donated to Dongyang glorious cause; Buy more than 20 high-end cars at a time; The annual salary of department managers is 500,000-1 10,000 yuan, and the monthly salary of security guards is 2 100 yuan ... "On October 27th, 2006, a long report in a newspaper in Hangzhou put Wu Ying in the spotlight for the first time. Although many reports are just rumors, gimmicks are enough. Wu Ying, then only 25 years old, became famous overnight as a "mysterious rich sister".
From May 2005 to February 2007, in the name of individuals or enterprises, Wu Ying used high interest as bait, registered companies, investments, loans, capital turnover and other names, and the proceeds from illegal fund-raising from Yang and Yang were used to repay the principal, pay high interest, buy real estate, cars and personal luxury goods. The amount of fund-raising fraud reached RMB 389.855 million. Most of these loans came from Yiwu, and only Lin Weiping, a native of Yiwu, borrowed more than 470 million yuan.
In June 2006 1 65438+1October1,Wu Ying attributed his mysterious wealth to three stages: hairdressing, real estate speculation and futures speculation, and said that "funds mainly come from futures". In fact, Wu Ying did not make any money by speculating in futures, on the contrary, it lost more than 40 million yuan. Perhaps it is this deficit that has caused Wu Ying to sink deeper and deeper into the quagmire of private lending.
The most profitable financial industry in China has a profit margin of only 17%. On the other hand, in Wu Ying, the daily interest on high-interest loans ranges from 35 yuan to 50 yuan for every 6,543,800 yuan. In other words, it takes an average of seven months to repay twice the loan with interest. The interest rate is the highest, and Wu Ying even promised to repay the principal within 100% within three months.
This is Wu Ying's self-reported account: 65.438+300 million ~ 65.438+400 million yuan was used for buying fixed assets such as houses, 40 million yuan for speculating futures, 65.438+400 million yuan for buying jewelry, 50 million yuan for decorating four hotels, 20 million yuan for paying employees' salaries and 65.438+400 million yuan for buying cars.
It is these endless private loans that prop up the myth of the true face of Arabian Nights. Interestingly, even the lawyers of Bense Group and Wu Ying's family don't know where Bense's funds come from, let alone the media and the public.
The myth of wealth is shattered. Wu Ying's case is under trial.
In the trial of Wu Ying's alleged fund-raising fraud case, which lasted for a whole day, Wu Ying overturned his original confession and thought it was just an ordinary private lending dispute. He didn't use deception, and the money he borrowed was used for company operation except repayment of principal and interest, and not for his personal extravagance. In this regard, the prosecutor conducted a tit-for-tat cross-examination with Wu Ying around several key issues in this case. But what's the use in the face of factual evidence? The court will further investigate Wu Ying's defense statement.
According to China's criminal law, the maximum sentence for the crime of fund-raising fraud is death, while the maximum sentence for the crime of illegally absorbing deposits is 10 year.