Fund discount:
Fund split refers to a way of recalculating fund assets by changing the corresponding relationship between the net value of fund shares and the total amount of fund shares on the premise of keeping the total assets of investors unchanged. Suppose an investor holds A 10000 shares of the fund, and the current net fund share is 1.60 yuan, and its corresponding fund assets are1.60×10000 =16000 yuan. After splitting the fund according to the ratio of 1: 1.60, the net value of the fund becomes 1.00 yuan, and the fund share held by investors changes from the original 10000 to 1.6 = 16000.
How come such a large-scale fraud has not been caught? Who is his backer?