Case 1: Sunlin Financial
Sunlin Financial is suspected of self-financing. Investors' money directly from the POS to the company's account, but the company transferred the money to the company of the Goodwood controller to invest in the industry, and investors receive the money each month by the private account transfer, belonging to the serious self-financing behavior; the company borrowed new to repay the old and repay the high interest rate. Sunlin Financial promised a very high rate of return, but the police investigation found that Sunlin Financial external investment projects and no profitability, by borrowing new to pay back the old way to repay the previous investors due principal and interest; false propaganda, to create a "big but not down" image. The police informed that the good forest financial not hesitate to spend huge sums of money to do full packaging publicity, in the public to create "big but not down" image of the company, cheating investors' trust; the company has been punished twice. July 13, 2015, because of violation of the "company registration regulations" relevant provisions were ordered to rectify and impose a fine of 550,000 yuan, after the December 16 of the same year, it was again fined 100,000 yuan for false publicity.
Case 2: Tang Xiaosheng
Tang Xiaosheng's real controller has a mysterious background. The executive director and general manager was questioned only agent, the real controller has a "mysterious background", and so far no one has clarified this; platform no bank depository. Tang Xiaosheng since its inception in May 2015, so far not on-line bank depository; "high rebates" in the industry has long been famous. Because financial management can also return cash, so the platform's "wool flow" is very large; the platform's information disclosure is poor. Poor information disclosure has been criticized, the real use of funds raised, the source of repayment and asset collateral are not disclosed. In order to gain the trust and acceptance of investors, they try to give themselves the cloak of state capital, so there is a fake centralized enterprise "Ruibao Liyuan" incident.
Case 3: Lianbik Financial
Lianbik Financial's rate of return was abnormally high. Lianbi Financial's two products, "Bell Bao 3-month period" and "Bell Bao 6-month period", have historical annualized returns of 10% and 12% respectively, which are higher than the market average; the platform is suspected of self-financing. When investors invest in Lianbi's products, all the money flows between Fusion's suppliers, including the Zero Money Program. The suspicion of self-financing between Fusion and Lianbibi is very big, and the financial situation of Fusion is very bad; obviously non-compliance. The service agreement on the official website states, "The Company does not assume any responsibility for the truthfulness, adequacy, reliability, accuracy, completeness, or legality of the parties involved in the transaction of financial products," and "The shareholders of the Company, the founders... . employees do not guarantee the authenticity, adequacy, timeliness, reliability, completeness and validity of the platform's content and are exempted from any legal liability arising therefrom", such an agreement is a clear violation of compliance requirements; there is no bank depository. Since its establishment, Lian B璧金融 has not yet gone live with bank depository.
Case 4: Yatang Finance
Yatang Finance is a famous high rebate P2P platform, and the Home of Online Lending shows that its reference rate of return is as high as 16.6%; the platform is suspected of self-financing. If the self-financing of other platforms is still covered up, then Yatang Finance is blatantly self-financing. Since June 2017, a number of Yatang Financial's standard is clearly written for its shareholders or its industry financing, one of the borrowing standard is clearly written that the borrowing is for "Yatang Holding Group shareholders financing", and another entrepreneurial standard is also clearly written "financing project for Yatang Furniture Pavilion"; the platform is suspected of self-financing since its launch. "The platform has not been connected to the bank depository since it was launched.