China Times (chinatimes.net.cn) reporter Hu Jinhua reported from Shanghai
html At the end of the year and the beginning of the new year, all kinds of fraudulent funds became active again!A year ago, a reporter from China Times tracked and reported on a fraudulent fund market called "Operation Red Sea". This fund market was used in QQ groups and WeChat groups to allow investors to make small profits by placing orders and trading in stocks, and then lured them to Switched to crude oil futures and precious metals trading, and through the simulated trading software it set up, tens of thousands of domestic investors were deceived (see "Operation Red Sea Serial Fraud" for details) Platforms such as Cathay Financial surfaced", "Public security of five provinces and cities jointly crack down on transnational telecommunications fraud: 12 people arrested"). A year later, it is suspected that these platforms reappeared and used the same tactics to induce investors to speculate on "penny stocks" in the Hong Kong stock market. In the end, the participating investors almost lost their money.
"I was deceived through a fake website of China Securities Finance. Since December 17 last year, I have continuously invested a principal of 110,000 in Hong Kong's Cornerstone Financial (08112.HK). The stock price is only less than 0.03 Hong Kong dollars. But I didn’t expect that in just half a month, this stock would fall. Back to the prototype. I invested a total of 110,000, but the trading system showed a loss of 90,000, and the remaining 20,000 was unable to be transferred out. Now I couldn’t get through to the phone number registered in Hong Kong on the CSI Finance website, and I realized that I had been deceived. ” On January 13, Zhang Lin (pseudonym), a 60-year-old investor in Fuzhou, told a reporter from China Times.
According to the reporter’s understanding, Zhang Lin subsequently chose to report the case. However, although the local police gave him a receipt, the case was not filed.
The trick behind speculation in "penny stocks"
"Penny stocks" in Hong Kong stocks are everywhere. The so-called penny stocks in H shares refer to the stock price and the stock price below 1 cent Hong Kong dollars, and its stock price has been stable for a long time. The fluctuations are very small, and they are basically empty-shell listed companies that no one cares about. However, speculation in "penny stocks" is risky whether it is in the Hong Kong local market or for mainland investors. So how did Zhang Lin get lured into the trap?
html On January 14, a reporter from China Times checked the trading software and found that starting from late December 2019, Cornerstone Financial began to violently rise from 0.022 Hong Kong dollars per share. In just two weeks of trading, its stock price skyrocketed. It reached a maximum of 0.15 Hong Kong dollars per share, an increase of nearly 8 times. That is, from that time on, the fraud team of China Securities Finance began to call for orders through various chat groups in the mainland, and entered the market to take orders.According to the evidence provided by Zhang Lin, he invested a total of 110,000 in four or five times, each time around 20,000, and the way he transferred the money was not through formal brokerage channel trading software, but to In the trading system built by CSI Finance, the funds he transferred ended up entering four personal accounts named Hou Zhiwang, Wang Jiajun, Huang Jingying, and Huang Dongping.
"Comrades, the cornerstone financial position is in the range of 0.04-0.045 Hong Kong dollars. You can earn as much as you want to increase the position at this point. It started to rise after the holiday, and it rose to around 0.1 Hong Kong dollars, with a profit of more than 200%. Now prepare funds. , we will buy the bottom together after the holiday," Zhang Lin showed the calling skills of members of the Zhongzheng Finance Group in the WeChat group.
A reporter from the China Times checked the stock price of CoStone Financial based on his words and found that it was indeed the order-calling model mentioned by members of the gang. The stock price of CoStone Financial continued to rise before January 1 this year, with the highest price reaching HK$0.15 per share. , but there was a sharp drop after the holiday, and the stock price even exceeded 100% on the highest day. As of January 14, the share price of Cornerstone Financial closed at HK$0.029 per share, returning to its original shape.
However, after the stock price of Co-Stone Financial plummeted, Zhang Lin continued to "fool" investors with another saying from a member of the China Securities Finance Group: "Teacher Cathay told you to call Shan Co-Stone Financial to put all your positions in, and all the money will be lost." There is really no way to raise money. Whoever has money doesn't want to buy the bottom to reduce costs and make profits as soon as possible. Someone in the group leaked the important news about our merger with Cornerstone Financial, which led to malicious suppression by external bookmakers and intimidation of retail investors.But don’t worry, I have a total of two Hong Kong stock accounts, both of which are full positions. I am still holding shares. I am using funds to increase the stock price. I will use all my connections to increase the stock price. "
In response to this, Sun Jia, a Hong Kong stock analyst at a large domestic brokerage, pointed out in an interview that this type of fund-raising fraud in Hong Kong penny stocks is actually similar to the previous model of exceeding precious metals and crude oil futures, but now the method has been changed and it is more sophisticated. And covert.
"fry precious metals and Crude oil futures and fraudulent fund trading all use virtual trading and time differences to lure investors into being fooled. There are often slight differences in the trading prices of precious metals and crude oil futures on various exchanges, but it is this subtle gap that can allow fraud The fund disk leverages funds to raise prices on the virtual disk, and then investors are deceived. As for the Hong Kong stock market, the stock price performance is real-time, so the fraudulent fund market will first use its own funds to push up ultra-low-priced penny stocks, causing the stock price to rise several times, and then start to design routines to attract unknown people from the mainland. The investors here invested funds, and the method of transferring the funds was not formal. They were transferred to the bank account of the fraud team through the fraudulent trading software. Finally, the funds from mainland investors were used to take over the funds previously invested in the fraudulent fund market, allowing them to successfully escape with several times the profit, while the mainland investors' funds were lost, thus completing a complete path to fraudulent fund markets. " Sun Jia pointed out.
However, how is this suspected fraudulent fund disk named China Securities Finance connected with the fraud platforms such as "Operation Red Sea" and "Cathay Financial" that this newspaper has continuously reported before?
The report has not been accepted Just to warn others
"In the CSI Finance team, there is a lecturer named Cathay. The CSI Finance website shows this person His background information is a master's degree in technical economics from Shanghai Jiao Tong University and a PhD in business administration from Yale University. He has 18 years of experience in the financial industry. He once worked at Silicon Valley Bank in the United States as an analyst in the consulting department, and returned to China to serve as Shenyin Wanguo. He is a senior researcher at the Securities Research Institute, a senior researcher at the Haitong Securities Research Institute, and a consultant at the Research and Planning Department of Haitong Asset Management Department. But I later called Haitong Securities to inquire, and found out that there was no such person at all. Moreover, when I called the contact number on the China Securities Finance website, I could no longer get through. "Zhang Lin told the China Times reporter.
Zhang Lin said that after he realized that he had been defrauded, he saw the reports previously written by this newspaper about "Operation Red Sea" and serial fraud cases on many platforms such as Cathay Financial, and had a premonition that this name The teacher who works for Cathay Pacific is most likely a member of the Cathay Financial Platform fraud team.
"I chose to report the case, but the police here did not accept it. The police who investigated the case told me that it is too difficult to obtain evidence in this type of fraud case, and it is basically certain that the members of the fraud team are not in the country, and it is a transnational crime. Even if Due to limited manpower, it was difficult to find members of the fraud team after accepting the case. My current idea is to expose this matter so that more people like me will not be deceived and suffer losses for the sake of profit. "Zhang Lin said helplessly during the interview.
In this regard, industry insiders said that CSI Finance has made a lot of profits by trading the Hong Kong penny stock of Cornerstone Financial, and it is basically confirmed that the stock of Cornerstone Financial It has also returned to "dead silence", and the fraudulent fund market will not speculate on this stock again. However, it is worth noting that the same operating mode does not rule out happening to other penny stocks in the Hong Kong capital market. Editor: Xu Yunqian. Editor-in-chief: Qinling
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-