Unveiling the Aofeng Financial Fraud Case – Scandal of Seven Banks Accused of Selling Illegal Products

2023-11-13 22:19:24
Aofeng’s sales channel in Taiwan, Zhaofu, approached a bank accountant to cooperate and sell illegal financial products.

This magazine recently received news that the largest financial fraud case in Taiwan’s history – the Aofeng case. A total of seven bank managers and bankers were involved in the case. They are suspected of secretly cooperating with Aofeng’s sales company in Taiwan, Zhaofu, to recommend Aofeng’s illegal financial services to bank customers. products.

In mid-October, the victim Ginny filed a complaint with this magazine with a thick set of information, “My husband works in the technology industry, and the company’s salary transfer account is with one of the well-known banks in China. Therefore, the bank’s Li Bai knew my husband and asked him I recommend Aofeng Financial Products. My husband and I have invested 20 million yuan in pension funds since 2015. Now it has evaporated overnight. Fortunately, we are still working and can only continue to work hard to make money.” Ginny said with a wry smile.

Advertisement (Please continue reading this article)

This magazine further contacted Ginny’s husband, Andrew. Andrew angrily pointed out that the accounting professional named Zhang told him that Aofeng Financial’s products were private banking services. “The accounting professional, who was dressed in gold and silver, even invited me to the VIP room of the bank. Let us relax our guard and mistakenly think that it is a high-end private equity fund. During the period, the exchange and remittance were also handled by the investment bank with the help of the investment bank. Unexpectedly, it turned out to be a scam, and the investment bank also sold fraudulent products. “

According to the investigation of this magazine, it is not only the Andrews who have been victimized. Michael, a member of the Aofeng Victims Self-Rescue Association, revealed that currently there are as many as 15 victims of the self-rescue association recommended by bank managers to buy Aofeng products. There are Standard Chartered Bank, Commonwealth Bank, Japan Seven domestic banks, Silver Bank (now merged into BF Bank), Cathay Pacific Bank, BB Bank, Yuanda Bank, and Sino-Fung Bank, are suspected of illegally selling their accountants privately. “Even some of the victims’ remittance orders, It was filled out by the science major.”

Michael even angrily accused, “Aofeng’s sales channel in Taiwan, Mega Fortune, not only poached bank accounting professionals on a large scale, but also poached high-net-worth clients to Mega Fortune. Later, they also cooperated with working accounting professionals or bank staff to sell illegal products. The overseas financial products are really arrogant to the extreme.”

Advertisement (Please continue reading this article)

For example, Andrew’s victim, Zhang’s husband, who was a librarian, originally worked for another bank, but later resigned to join Mega Fortune. “Because he was a librarian, he introduced financial products in a clear and logical way, so we did not doubt that he was involved.” Andrew became more and more angry as he talked, and revealed that he had complained to the Financial Supervisory Commission and the bank in mid-October. “Currently, the bank has asked me to talk, but the Financial Supervisory Commission has not responded yet.”

According to the investigation of this magazine, Aofeng, whose headquarter is located in Cyprus, officially declared liquidation and bankruptcy at the end of May, while two foreign exchange brokers under the parent group of Aofeng – Hong Kong EASTHILL Financial Group Limited: Chengxin Capital City Credit Capital Ltd. (CCCUK) and City Credit Capital (Labuan) Ltd. (CCCL) also declared bankruptcy one following another. This scam of the century exploded in succession, causing 13,000 investors in Taiwan to suffer. The current amount of fraud has climbed to 200 billion yuan.

Since Aofeng has applied to the Cyprus Securities and Exchange Commission (CySEC) to voluntarily abandon its operations, the liquidator designated by Aofeng has also stepped in to take over. Considering that more than 90% of the victims are Taiwanese, Aofeng’s designated liquidator understands the Aofeng case. Taiwanese non-governmental organizations were also entrusted to participate in the investigation into the victimization situation.

At the end of August, Aofeng held its first online meeting for injured investors. Dong Sheda, the actual person in charge of Aofeng, did not face the investors directly. Instead, he appointed lawyers and financial consultants appointed by the liquidator of Aofeng to explain to investors. Disappointed, investors have yet to get their investment back.

[Full text]Seven domestic bank accountants accused of privately selling illegal financial products were involved in the Aofeng case
[Police College Involved in Aofeng Fraud 2]The Ten Commandments of Polytechnic College failed to tempt banks with 60 million commissions and they complained: We are also victims

1699970199
#Library #College #involved #Aofeng #Fraud #1Using #bank #VIP #room #obtain #credit #customers #reveals #unscrupulous #Libao #fraud #techniques #Mirror #Weekly #LINE #TODAY