Generally speaking, a profit of about 10% is already very profitable. The more you pursue high-profit business projects, the greater the risk. Therefore, we should not be obsessed with business projects that claim to have extremely high profits.

The risk mechanism is the basic mechanism of the market economy. Investors should first understand a simple truth. Our country is currently in a period of transition between the old and new systems. Every investor is faced with the risks of profit, loss, and bankruptcy. Possibilities must bear corresponding interest risks. Therefore, before investing, it is most critical to identify the operating strength of the operator. Although opponents do not have strong funds but try to operate through "fund-raising", you should be more careful. If you do not understand the market situation of a certain business project, do not invest solely based on a "good impression" of the operator (unless he has enough facts be convincing).

By adopting prudent investment strategies, investors can reduce investment risks and avoid being deceived. Many people are very smart when it comes to investing. They keep an eye on the market and either invest in their own businesses, or invest in business projects guaranteed by banks or insurance companies run by smart, capable, steady, and trustworthy operators, or simply buy projects with relatively high interest rates. Treasury bills, etc. However, many people have made various mistakes in investment and even been deceived:

① Be fooled by the "high profit" bait cast by operators or scammers. In order to achieve the purpose of raising funds, some operators and scammers use all means to exaggerate and brag about the high profits expected from their projects to attract investment. Investors will regret it only when the management is poor and they lose a lot of money.

Excessively following the herd, "If others can invest, I can also invest." Being infected and confused by the rush to invest.

He only wants to make a fortune and knows nothing about the market conditions.

The operator or scammer is confused about some special "talent", "character" (such as "eloquent", "generous", etc.), identity, etc., but in fact he I don’t know much about my business capabilities.

People may still remember that when Xinhua News Agency broadcast the full text of the Great Wall Company's billion-yuan scam, a strong "Great Wall" storm instantly formed. From CCTV and China Radio, below Provincial and municipal TV stations and radio stations; as large as the People's Daily and as small as "small-size" digest newspapers and periodicals, they were quickly rebroadcast and published, adding fuel to the fire. The news of "Great Wall" has caused a stir across the country and has become a household name. People can't help but ask: What happened to the "Great Wall" company?

The "Great Wall" cyclone once swept through most of China, and the "Great Wall" cyclone of Beijing Great Wall Mechanical and Electrical Technology Industry Company "Technology development contracts" are so hot that they spread from one to ten, and from one ten to another, the rich people withdraw deposits from the bank, a few people with less money pool their shares, and those without money borrow money everywhere, and some people even do not hesitate to take loans or embezzle public funds; however, , who would have expected that people’s enthusiasm, hard-earned money, and the expectation of “getting high profits at any time” would turn out to be a big magic scam?

Great Wall Company? The conspiracy succeeded because the victims were eager to make a profit and therefore lost the necessary vigilance. In fact, if you are a little more cautious and think about the reliability of the business, the insurance factor of success, and the repayment ability of high profits, you will know. If you see through the scam of Great Wall Company, you will at least not invest so much.

Beijing Capital Airport, at about 7 pm on March 31, 1993, a man in a suit and leather shoes. The middle-aged man got out of a car carrying a password box and hurriedly walked to the entrance.

“Is this really your ID card? The airport staff said while checking his ID: "This ID card is fake!" ”

“This…this…is impossible.” "There was a panic in the middle-aged man's expression.

"What is your name? "The security personnel questioned him severely. The man who was eager to leave Beijing lowered his head and said: "My name is Shen Taifu..." It was later discovered that this person was carrying three ID cards, two of which were fake ID cards with pseudonyms.

Who is this Shen Taifu? What did he do? Why did he prepare multiple fake ID cards?

Some people may not know Shen Taifu, but when it comes to the Beijing Great Wall Mechanical and Electrical Technology Industry Company (hereinafter referred to as Great Wall Company) he founded, it is well-known. This company has raised 1 billion in just a few months. The diversified social funds have affected more than 100,000 people in 17 cities across the country. It can be described as a magical power and a sudden fame, forming a sudden sweet "Great Wall Cyclone"

This is not because of this. The only reason for its exciting performance is that Shen Taifu has produced an annual interest rate of 24%.

Who is he?

Shen Taifu, 39 years old, is from Siping City, Jilin Province. He used to work in a reservoir engineering bureau in Jilin Province. 10 years ago, he established Changchun Great Wall Technology Group Co., Ltd. during the "company boom". If he was not good enough, it would be difficult for him to survive in Great Wall. Two years later, he broke into Beijing, found a few people, raised 300,000 yuan, and registered the collective Great Wall Mechanical and Electrical Technology Development Company, the predecessor of Great Wall Company, and started. A new adventurous career.

Shen Taifu first used the company's money to buy an engineer's motor invention patent at a low price, and recorded the company's patent rights in his and his wife's names. After that, Shen Taifu took up the banner of "mechanical and electrical development" and established two companies in Hainan and Changchun, instigating various businesses that were considered profitable by the society. Perhaps because he was not really good at doing business, or perhaps because he was too squandering, instead of making money, Shen Taifu not only failed to make a fortune, but also suffered from increasing losses and high debts.

Shen Taifu, who was hiding from debts, came to his Hainan company one day in May 1992 and asked his assistants this question: "When do you think people are most miserable?"

Among the various answers given by his assistants, Shen Taifu most appreciated the phrase "It is most painful when you have no money." He said: "I am now deeply in debt and penniless, which is the most painful time."

Shen Taifu found some people in the next few days to seek and plan shortcuts to make a fortune, and finally came up with this A "smart trick": In the name of developing energy-saving motors, using high interest rates as bait, and signing a "technology development contract" to raise funds from the society. Shen Taifu said: "As long as I can get the money right away, I will work hard. I can pay interest up to 24%!"

The so-called "technology development company" is purely a lie thrown by Shen Taifu. Lift. He is not developing technology jointly with investors, and the "Technology Contract Law of the People's Republic of China" clearly stipulates that the conclusion of technology contracts should follow the principles of voluntary equality, mutual benefit, compensation and honest cooperation, while Shen Taifu even took money Not telling others what you are doing is a deceptive method. The main thing he uses to lure investors is that investment funds can be deposited and withdrawn at any time, which is equivalent to a bank's current savings, but it is more than 10 times higher than the bank's current annual interest rate of 1.8%. For various financial activities, the Chinese government has long had management regulations that clearly stipulate that no unit or individual may engage in fund-raising without approval from the national financial management department. There are also strict regulations on savings interest. If the application procedures are handled in accordance with the law, Shen Taifu cannot deceive people with illegal activities of fake "technical contracts".

At the beginning, this illegal fund-raising activity without the approval of the competent authorities did not go smoothly. The interest rate was so high that it was unbelievable. At first, only a few people came to sign the contract.

Shen Taifu then thought of the dance halls in Haikou. Most of the people who came here were wealthy people. If they became investors, they would definitely be rich. So he led company personnel into and out of various karaoke halls and dance halls, and promised the "dance group": "Whoever attracts investors will be given a 2% commission!"

His trick was very effective. , in order to get this 2% rebate, many people were running around, and investors came to sign contracts in an endless stream, creating a "miracle" of raising 20 million yuan in 20 days. Shen Taifu never stopped. For a time, "Great Wall Bonds" became very popular and were favored by many investors, creating a strange wave of "Great Wall Fund Raising" that spread across the country.

Many investors who did not know the truth flocked to the company in order to obtain high profits, and Great Wall Company's "technology development contract" offices across the country were overcrowded. People rushed to tell each other, some withdrew deposits from banks, and some borrowed money from everywhere, relying on connections and acquaintances, hoping to become investors in Great Wall Company.

In this way, Shen Taifu raised more than 1 billion yuan in just a few months, causing an uproar in the society.

The investors who came in droves never thought that this kind of illegal fund-raising without approval and extremely risky was actually a black market transaction that was not protected by laws. How many people have fallen into this big scam, and how many years of savings are in danger of being wiped out.

Has Shen Taifu been able to fulfill the promise of an annual interest rate of up to 24%? According to financial experts, the current profit rate of funds in the world is generally below 15%. It is not easy to obtain 10% profit for a huge sum of more than 1 billion yuan. It is sheer fantasy to repay 24% annual interest. .

The so-called "technology development contracts" signed by many investors with Shen Taifu and Great Wall Company are just signs used to deceive people, and are like pieces of waste paper in Shen Taifu's eyes. The contract clearly stipulated that the company would generate an output value of 100 million within one year. However, in the six months from the signing of the first technology development contract to March 1993, the company only sold 50 or 60 electric motors worth 100 million yuan. With only more than 6 million yuan, the so-called motor development has completely become a lie.

"What did Mr. Shen Taifu do with more than 1 billion yuan in funds raised?" People can't help but ask. According to investigations by relevant departments, squandering and embezzlement are the two major expenses. A large amount of money was spent on branch establishment expenses and other extravagances. In order to inflate the "balloons" he had made bigger and bigger and defraud more funds, Shen Taifu has successively set up more than 20 branches and more than 100 branches across the country, 90% of which were opened with raised funds. Almost every branch has spent hundreds of thousands or millions of dollars on luxury cars, houses, blankets, etc. They raised more than 60 million yuan in a certain province, and the branch's start-up expenses and other expenses were as high as more than 20 million yuan. After a few months, the business volume was negligible and the profits were only negative growth.

The 1 million yuan allocated by a Beijing company to a certain city was soon spent and very little was left...

Shen Taifu turned into a "billionaire", showing his "contemporary entrepreneur" "style" "The clothing, food, housing, transportation and functions are all very beautiful and elegant. He drove a high-end "Mercedes-Benz" car; he ate mostly in high-end restaurants. He treated guests at the Mingzhu Seafood Restaurant and ate more than 20,000 yuan in one meal; he rented 36 high-end hotel rooms in Beijing for a long time to provide for himself and his friends. Used; he frequently went to karaoke halls, dance halls, and amusement halls to spend a lot of money to make the singers smile. For the "safety" of himself and his family, he not only hired bodyguards for himself, but also hired two bodyguards. A special car was used to take his son to school... The hard-earned money collected from tens of millions of fundraisers was squandered in large quantities.

Shen Taifu’s selfish desire to embezzle funds raised is also growing day by day. On February 23, 1993 alone, Shen Taifu withdrew more than 2 million yuan from the raised funds. Take it as your own. , a few days later, he withdrew another 1 million yuan from the fund-raising department of Beijing Great Wall Company, and asked his wife to deposit it in three savings banks in two installments in his own name... Since he had the financial power of the company, he could withdraw it from each company at any time. Large sums of money for him to squander. Shen Taifu couldn't put it more clearly: "I withdraw a lot of money from my company, and it doesn't matter whether it is accounted for or not. Because companies all over the country are actually my company, and the money from any company is my own money!" ”

Seeing investors’ funds being swallowed up in large sums and the money decreasing day by day, Shen Taifu was thinking of a plan to “escape the golden cicada”. His method is to try to turn the investment money into the company's stock. In this way, even if the company goes bankrupt and the scam is exposed, the investor as a shareholder can only bear the risk at his own risk, and he does not have to face the people who want to collect debts from him.

In order to achieve this ulterior purpose, Shen Taifu successively instructed relevant personnel to issue 200 million yuan in fake invoices and frequently allocate funds to a certain city branch; creating the illusion that the company in a certain city has good operating results, And without any sales or motor business, in two months, he "actively" paid more than 11 million yuan in taxes to the tax department to prove his strong operating strength and deceive investors. and the relevant management departments in order to strive for the company's stock to be listed as soon as possible...

While Shen Taifu was implementing his deception in full swing, the relevant departments gradually became aware of what he had done. In response to his series of activities that disrupted the country's financial order and were likely to harm the interests of investors, on March 6, the People's Bank of China issued a "Notice on the Issues of Arbitrary Fund Raising by Beijing Great Wall Mechanical and Electrical Industry Group Company and its Subsidiaries", pointing out that Great Wall Company "In fact, it is a disguised issuance of bonds, and the issuance amount greatly exceeds its own net asset value. The guarantee is in name only. The purpose of the funds raised is unknown. The investment risk is high and the interests of investors are difficult to protect." It requires "the funds raised within a time limit to be withdrawn," and At the same time, in order to prevent more people from investing and being deceived, and to protect the interests of existing investors and prevent Great Wall Company from transferring funds, the relevant departments froze the bank accounts of Great Wall Company and its branches.

Shen Taifu turned a deaf ear to this. Instead of executing the plan, he spread rumors everywhere, deceiving the people who demanded the withdrawal of the funds raised, and filed a lawsuit in court against the People's Bank of China. On March 29th and 31st, Shen Taifu held consecutive domestic and foreign press conferences in Beijing, claiming that due to government interference, the company was difficult to operate and would be auctioned abroad. He also announced that he would increase the annual interest rate for investors from 24% to an unprecedented 48%... This move by Shen Taifu shocked many reporters present: What on earth is Shen Taifu going to do?

There is a strategy in ancient Chinese military art called "increasing the stove and reducing the number of troops." I don’t know what trick Shen Taifu used. On the day he held a press conference in a furious manner, he hurriedly purchased a ticket to fly to the south using a forged ID card. So the scene at the beginning of this article appeared.

In order to protect the interests of investors, on April 6, 1993, the State Administration for Industry and Commerce, together with relevant departments, established an inspection team and began to perform economic inspections on Great Wall Company. At the same time, the 22 provinces, municipalities, and autonomous regions involved in Great Wall Company have successively set up inspection teams to conduct comprehensive inspections of more than 100 of its branches. Inspectors found that there was a serious loss of funds raised. In Beijing, where the amount of funds raised reached more than 200 million yuan, when the bank froze the account, it was found that the funds were less than 30 million yuan, less than one-seventh of the funds raised!

The financial affairs of Great Wall Company are single-handedly controlled by Shen Taifu and his wife. The accounts and expenditures are unclear and the transactions are unclear. In addition, there are a large number of fake invoices, white slips and deliberately forged false accounts, making the investigation difficult. Difficulties abound. The members of the inspection team had only one idea at this time: the lost funds must be recovered one by one, and every penny of the money lost by investors can be recovered.

In order to reduce the losses of investors and get to the bottom of the case as soon as possible, the comrades participating in the investigation work worked day and night, checking accounts, turning over documents, looking at files, talking, conducting external transfers, and negotiating. So many sleepless nights, so many missed meals.

They checked and reviewed the accounts of five safes one by one; in order to find out the ins and outs of each fund, the comrades of the inspection team went to Hainan, Changchun, and Shenzhen, and did not give up every doubt. After passing each contract, I became tired and thin, my eyes became red, and I finally found out where most of the funds went...

After two months of hard and complicated inspections, obvious results were achieved. Progress and breakthrough, the major fraud facts of illegal fund-raising and misappropriation of funds raised by Shen Taifu and his Great Wall Company have been basically discovered. More importantly, the illegal fund-raising activities of Great Wall Company were stopped and the deposit accounts of the company and its branches were frozen in time, preventing Shen Taifu from continuing to deceive more fund-raisers and blocking the floodgates for Shen Taifu to squander people's wealth. , to protect the interests of investors from greater losses. Relevant departments will unfreeze the deposit account, and Great Wall Company will repay investors in proportional batches based on deposits, cash and sale of assets.

As the culprit, Shen Taifu has received the punishment he deserves.

The problems reflected in the "Great Wall Troubles" are multifaceted, making us alert and making us think deeply.