According to the police report, on April 30th, Haikou City Public Security Bureau of Hainan Province officially filed a case against Phoenix Intimate for investigation. At present, He Mou, the legal representative and actual controller of the company, has been criminally detained according to law, and the case is under further investigation.
"I only hope that the police can recover the losses as soon as possible." A lender told the Red Star Capital Bureau.
Phoenix Finance was put on file for investigation.
Lily He, the actual controller, was criminally detained according to law.
On April 29th, 2020, Phoenix Satellite TV Investment (Holdings) Co., Ltd. (02008.HK) stated in the "Continuing Related Transactions" section of an announcement that Lily He, the controlling shareholder of Phoenix Financial Group Co., Ltd. (the ultimate beneficiary with 70.82% equity), is the son-in-law of Liu Changle, the chairman and chief executive officer of Phoenix Satellite TV.
However, on April 27th, three days before Phoenix Zhixin was put on file for investigation by the police, Phoenix Zhixin issued a newspaper statement, replying to all Phoenix financial lenders: "Phoenix Zhixin is a wholly-owned subsidiary of Fengxin Technology (Haikou) Group Co., Ltd., and Phoenix Satellite TV indirectly holds 8.5% equity of Fengxin Technology due to the merger. It is only the financial investor of Fengxin Technology, not the shareholder of Phoenix Zhixin, nor does it participate in the actual operation and management of the platform. "
Phoenix letter statement
More than 70,000 lenders are difficult to repay.
Before the business stopped, I frantically invited people into the game.
"The products are divided into three months, six months, 65 years, 438+0 years, three years, etc." Bird said, "Lenders buy Feng Ying products and repay the borrower's principal and interest every month; Feng Chu products only pay interest every month, and then repay the principal after maturity. " In Byrd's view, its annualized rate of return is higher than bank interest.
"I spent1130 thousand on the above products." During this period, he also recommended his sister, wife and other relatives to join.
Like a bird, Zuo Yu (a pseudonym) of Pingdingshan, Henan Province lent 6.5438+0.02 million yuan. "At that time, I also recommended our colleagues and friends to join, and they didn't take 1.9 million." So far, he is afraid to tell his family, and even can't lift his head in front of recommended colleagues and friends.
The above-mentioned lenders have so far recalled that this incident actually has signs.
On the one hand, from February 2020, the payment of expired products was too slow, and some even delayed for more than two months. As for the products that expired after September 1 1 in 2020, no payment has been made so far.
"According to the above signs, we have reason to suspect that they knew in advance that they would stop the new online lending business, so they launched so-called incentives to let more people lend them money and let more people get stuck." Liu Tan said.
Three "early exit" schemes
The lender does not accept it.
On June 5438+1October 65438+May this year, Phoenix Zhixin released three "early exit" schemes. However, this scheme is not accepted by the lender.
The first category is the emergency plan for serious illness. "If you are seriously ill, you can apply, but the review is very strict. At the same time, the fund withdrawal plan is basically only about 40% of the principal. " A lender said.
The second category is the contingency fund plan. "If you need money urgently, you can apply, but it is basically about 0. 1% of the principal." A lender said, "The reimbursement rate is too low, and some people only apply for 0.2%. Who can accept this? "
"In fact, we also want to defend our rights through judicial procedures." But after consulting a lawyer, the road is almost blocked.
Tan said that contracts for lending and purchasing products are all electronic contracts. From September, 2020, 1 1, all electronic contracts were technically processed and disappeared. Many people can't get their own contracts at all. "Without a contract, it is difficult to sue."
"Part of it was lent to the borrower." According to the loan agreement provided by Zuo Yu and Zhang Moumou, they lent Yao Moumou and some money respectively. Among them, Zhang Moumou borrowed 6,543,804,300 yuan, with the interest rate of 9.8% from July 29, 2065.438+2009, and the loan was used for business financing; Yao Moumou borrowed175,000 yuan.
In addition, baixin bank also has some money, which is related to Phoenix Finance. According to the transaction flow of baixin bank fund depository system provided by Zuo Yu to Red Star Fund Bureau, on June 5438+February 1 day, 2020, the borrower Lu Moumou's loan was due, and Zuo Yu's account received 2.9 1 yuan, and the changed balance was 57 16.5438+0 yuan. "This part of the money is very small." Zuo Yu said.
The company said that more than 8,000 people have resigned.
Hainan department is collecting loans.
The Red Star Capital Bureau noted that Phoenix Finance official website is still operating. According to the announcement issued on April 23rd, Phoenix Zhixin has submitted 35,229 exit applications and completed 8,096 exits since the relevant exit channel was launched at the end of 20021+0 as of April 22nd.
At the same time, a policeman on duty of Haikou Public Security Bureau said in an interview with the media today that the police are currently investigating the case. According to the workflow, if the investigation and evidence collection are completed, the case will be handed over to the procuratorate for prosecution of illegal acts. Finally, the court will make a judgment. "At present, public security organs all over the country have opened channels for accepting cases. Investors should report the case to the local police station as soon as possible and provide corresponding evidence materials. Later court decisions can also be used as proof of personal retirement. " The police said.
At the same time, the Red Star Capital Bureau called the Hainan Provincial Local Financial Supervision Administration, but no one answered. However, according to its website, in April this year, Phoenix Zhixin Risk Disposal Office also announced the list of the first batch of people who were punished for breaking faith in online loans, and also issued the Announcement on Combating Malicious Debt Evasion by Peer-to-Peer Lending.
The announcement shows that at present, the risk disposal special class is working with the public security, courts and the People's Bank of China to intensify collection and severely crack down on malicious debt evasion. At the same time, the special class will work with all member units to punish those who evade debts through public security collection, court proceedings, credit access, and publication of lists. Promote the repayment of repayment funds and protect the rights and interests of lenders to the maximum extent.
China Banking Industry and China Insurance Regulatory Commission have repeatedly issued risk warnings.
Beware of excessive borrowing induced by online platforms.
In fact, the China Banking and Insurance Regulatory Commission has repeatedly issued warnings about the risks of personal-to-personal loans.
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On February 29th last year, 12, China Banking and Insurance Regulatory Commission, China issued "Warning on the Risk of Excessive Lending Induced by Internet Platforms", reminding consumers to establish a rational consumption concept, rationally use lending products, choose formal institutions and formal channels to obtain financial services, and be alert to the risks or traps hidden behind excessive lending marketing. At the same time, we must adhere to the actual demand, establish a rational consumption concept of living within our means, and stay away from the marketing trap of excessive borrowing and consumption.
First, we should spend rationally and live within our means.
We should take a closer look at the contents of the loan products. Some behaviors of "borrowing and spending", "enjoying ahead of time" and "idolizing and borrowing" which are over-publicized by marketing are not worth advocating and emulating. We must correctly assess our economic affordability and put an end to blind lending and blind consumption. Excessive borrowing often leads to the cut-off of funds, which will eventually put consumers and even families in trouble.
Second, use lending products rationally, and don't "support loans with loans" or "borrow from multiple sources".
Get something for nothing Consumers should know about online platform loans, credit card overdrafts, installment loans and other lending products, know the important information closely related to their own rights and interests such as loan interest price, term and repayment method, and be wary of the so-called "interest-free" and "zero interest" one-sided propaganda of some institutions or platforms. Give full play to the role of lending products, establish a sense of responsible lending, and don't rely too much on lending consumption, let alone "supporting loans with loans" and "lending through multiple channels".
Third, choose formal institutions and borrow money through formal channels.
It is necessary to choose formal institutions and formal channels to obtain financial services, and pay attention to checking whether relevant institutions have business qualifications to prevent illegal financial activities. Be wary of unknown telephone calls, links and e-mail sales, do not click on unknown links at will, do not provide important personal information on suspicious websites, enhance personal information protection awareness, and guard against fraud risks and personal information disclosure risks.
On April 22nd this year, the China Banking Regulatory Commission issued "Tips on Beware of the Risks of Celebrity Endorsement of Financial Products" to remind consumers that in recent years, with the rapid development of network technology, various Internet platforms and wealth management investment products have emerged in an endless stream, and some institutions invited celebrities to endorse or publicize their platforms, causing problems such as excessive publicity, promising high returns and misleading publicity, which seriously damaged the legitimate rights and interests of financial consumers. Therefore, the Consumer Protection Bureau of China Banking Regulatory Commission issued the second risk warning 202 1 to remind financial consumers to treat celebrity endorsements rationally, and to achieve "three defenses and one defense" to effectively prevent financial traps.
Cheng Yu, a professional investor, also reminded through the Red Star Capital Bureau that there are many investment channels in the society at present, and investment must be made through formal channels when investing. At the same time, whenever you encounter high-yield online financial management, you must be vigilant, keep a clear head, analyze rationally, and never follow impulsively. "Once you find that you are deceived, call the police immediately, so that you can protect your rights and interests."
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Related Q&A: How can Phoenix Finance call the police if it doesn't pay back the money? Non-refundable lenders of Phoenix Finance can report to the local public security department with relevant contracts, bank bills and ID cards.
Related Q&A: At present, most online lending platforms are filing and withdrawing from the network. How to complete the return of assets as soon as possible? Indeed, due to the implementation of the current national policy on online lending platforms, some online lending platforms have been put on file, some have stopped business matching, some have been retired, and some have achieved good retirement, returning the lender's funds to zero.
For example, Beijing Guoxin announced on April 27 that it had paid the principal and interest in full and did not cause property losses to any lender.
On April 30, Beijing Search Easy Loan announced that it had settled the unexpired online loan project of the lender in advance and completed the stock clearing of the online loan lender's business.
Enterprises with kindness, courage and social responsibility are worthy of recognition and should be respected by society.
However, there are still quite a few online lending platforms, such as Phoenix Finance, which are called "big store bullying customers" by netizens. Under the pressure of national policies, these platforms passively stopped the loan matching business, but at the same time stopped the execution of the contract, that is, stopped returning the funds to the borrower according to the contract period.
The executives and spokespersons of these online lending platforms, with the lender's funds and the borrower's high interest, live a luxurious life, regardless of the lender's life difficulties, dragging the lender's funds back for a long time, or keeping silent, or taking various tricks to deal with the government regulatory authorities, and some even engage in some shady little moves in private. In a word, drag, watch, hug, hang up and deal with it.
However, in April this year, the relevant personnel of the China Banking Regulatory Commission said that they would further strengthen the asset disposal of online lending platforms, increase the repayment rate of lenders, compact the main responsibilities of major online lending platforms, severely crack down on malicious debt evasion and accelerate the disposal of institutional assets filed according to law. This information is undoubtedly good news for the lender's capital return.
Judging from the actions and performances of some online lending platforms at present, it is very slim or even hopeless to rely solely on the conscious actions or moral bottom line constraints of online lending platforms to return the lender's funds. Because some online lending platforms have squandered the lender's funds, and some have moved, how can they take the initiative to refund the borrower!
Of course, there are also a few online lending platforms that do encounter some difficulties at present and want to return the lender's funds as soon as possible. There is no malicious money owed to the lender, just trying to find a way. It will take some time, and it will not be available for a while. These online lending platforms are another matter.
However, for most lenders of online lending platforms to return their funds, they can only rely on the strong measures of government supervision departments to promptly file a case against the person in charge of illegal online lending platforms, investigate and dispose of the assets of online lending platforms, and severely crack down on malicious debtors.
The majority of lenders believe that the government regulatory authorities will be able to perform their duties. With the gradual implementation of government policies and measures, there is still hope for the return of lenders' funds.