1. The Henan Bank fraud case is a P2P financial fraud, but the appearance has been changed

Recently, a bank case in Henan Province caused a sensation in China. Depositors all over the country deposited their money in four village banks in Henan through well-known online financial platforms. Since April this year, the village banks involved in the case have closed online withdrawal and transfer channels without warning. Only local people are allowed to withdraw money deposited offline. However, online, time deposits, and residents outside Henan cannot withdraw money. The victims were nearly one million, and the defrauded amount was 39.7 billion.

Henan Xuchang Rural Commercial Bank, the major shareholder of the banks, explained the following: "Henan New Fortune Group controls these banks. Unfortunately, the money deposit from the online has not entered the banks but has been misappropriated by Henan New Fortune Group. The victim should call the police to arrest the bad guy. The loss of your deposit has nothing to do with us."
It is said that Lu Yi, the controller of New Fortune Group, is of Cypriot nationality and has fled to the United States.

Henan Xuchang Rural Commercial Bank, a major shareholder, is a bank full of problems. It is listed as an untrustworthy person, its vice president is wanted, and many shares are sold. According to statistics, the vast majority of shares of the bank are held by secret shareholders in the form of proxy holding.

It is a typical case of P2P fraud. But, compared with the P2P fraud many years ago, it has changed its appearance. Its essence is P2P fraud. Because the country does not allow P2P, they now use the bank's brand to defraud. The tactics are more sophisticated, deceptive, and easier to fool depositors. It's like the monster changed a human skin and started to harm people again. But, its essence is still the same monster as P2P financial fraud.

P2P, also known as Internet Finance and Inclusive Financing at that time, is a financial model that obtains customers' deposits through the Internet. The bank involved in the Henan case also used the Internet to get deposits.

They played a game. The major shareholders are the dignitary of the CCP. They set up a scam to defraud depositors of their money in various names, such as Xi Jinping's Belt and Road Initiative, real estate, national infrastructure construction, filmmaking, and the real economy. Then the behind-the-scenes boss took the money and let the actual controller escape abroad. Then put all the blame on the actual controller. Finally, the boss behind the scenes brought the money and left without guilt.

Some P2P scams will make the actual controller go to jail for several years to face the crime so the victim can feel comforted. But in any case, the money is completely gone. No money will be returned to the victim. The court said that you are all illegal fundraisers, and the victims must bear their losses. If the victims are not satisfied, they "maintain stability," and the police, sticks, detention centers, and prisons will serve them.

All 6,000 P2P companies in China follow this routine. As a result, there were 300 million person-time victims, and the amount defrauded reached tens of trillions. During the years when Xi Jinping was in power, the red dignitaries of the CCP mainly used this way to eat the flesh of the people, drink the blood of the people, and persecute the Chinese people.