The celebrity "Zhao Wei Incident" has become very popular recently, and her successful history has been admired by many people. Borrowing two shell companies to acquire a listed company worth 10 billion, this is the legendary empty-handed white wolf. Half of the 3 billion yuan comes from a loan from an institution in Tibet, and half comes from equity pledges. Zhao Wei's free funds are only 60 million, and the rest are loan funds, with a leverage ratio of more than 50 times!
The China Securities Regulatory Commission warned Huang Youlong and Zhao Wei and imposed a fine of 300,000 each on Huang Youlong and Zhao Wei. They were banned from entering the securities market for five years. They were not allowed to engage in securities business for the next five years and were not allowed to serve as directors of A-share listed companies or New OTC companies. Supervisors and supervisors, Zhao Wei herself must immediately stop performing management duties in eight companies.
Recently, Zhao Wei also expressed her mental journey on Weibo. She seemed very aggrieved, but still expressed that she had a clear conscience. Zhao Wei's husband Huang Youlong also said that he was born in poverty and had to work hard to reach where he is today. Career, he also said that he would hire a lawyer to collect evidence and sue the rumor makers
60 million to steal 10 billion, do you have a clear conscience? He is indeed a good actor. 60 million is worth 10 billion. If this can be done, who will be down-to-earth in the industry in the future?
In 1920, an Italian Ponzi planned a fictitious investment, promising that investors would receive a 40% profit return within three months. Then, Ponzi used the new investors’ money as Profits are paid to those who initially invested, inducing more people to be fooled. Due to the huge returns for those who invested early, Ponzi successfully attracted 30,000 investors within seven months. This is the famous "Ponzi scheme". But in the end, the scam collapsed and investors lost all their money. ——Ponzi scheme
Related cases in the United States
1. Tom Hayes was a securities trader at UBS and Citibank, from December 2007 to 2012. He controlled other banks, established special chat groups with traders such as Citibank, JPMorgan Chase, and Royal Bank of Scotland, used all code words, manipulated benchmark exchange rates, and increased his trading profits. Supervisory agencies and police in the United States and Europe established supervision The team investigated and after the investigation confirmed Tom Hayes' illegal operations, the court convicted Tom Hayes of 8 charges including interest rate borrowing and was sentenced to 14 years in prison.
At the same time, Citibank, where Tom worked, was sentenced to a penalty equivalent to 10 billion yuan, and UBS was sentenced to a penalty equivalent to 1.5 billion yuan.
2. Navinder Singh Sarao is an American trader. On May 6, 2010, the U.S. stock market plummeted 9%. The Dow Jones Index plummeted 1,000 points in a few minutes, setting the largest single-day intraday drop in the history of the U.S. stock market.
On the day of the U.S. crash, Sarao received nearly $1 million in trading futures, and investors’ worth of nearly 7 trillion yuan disappeared from the U.S. stock market within minutes.
The U.S. Department of Justice charged Sarao with 10 counts of commodity manipulation, with a total profit of 200 million yuan. Sarao faces a total of 380 years in prison.
3. In 2011, businessman Raj Rajaratnam was arrested on suspicion of profiting from insider trading. He was sentenced to 11 years in prison, refunded US$350 million, and fined 60 million yuan. At the same time, Goldman Sachs director Rajat Gupta was found guilty of cheating Raj Rajaratnam. He was arrested for providing inside information, sentenced to two years in prison and fined 30 million yuan.
4. In 2012, American lawyer Matthew Kluger was sentenced to 12 years in prison for insider trading, but he only made a profit of 4 million yuan.
5. New York Exchange trader Garrett Bauer was sentenced to nine years in prison for insider trading.
The United States enacted the "Sarbanes Oxley Act" in 2002 to protect the interests of investors and increased the penalties for securities violations. The penalty for falsely fabricating financial reports reached 20 years in prison. A fine of RMB 40 million was imposed.
The penalty for tampering with documents is up to 20 years in prison and a fine of tens of millions of dollars, and the maximum penalty for stock fraud is 25 years in prison and a fine (no upper limit).