"Angel project" hidden in excess of 6 million in more than one year

Abstract: Angels plan to hide more than 6 million investors said that, in the investment incentive, the angel planned to borrow more than 96% of the annual interest rate [after the big promotion, suddenly the site has emerged a lot of new borrowers, are not seen before. Now think about it.

"Angel project" hidden in excess of 6 million in more than one year

Investors said that the "Angel Project" had an annual interest rate of more than 96% per cent for investment incentives.

["After this big promotion, suddenly a lot of new borrowers have sprung up in the web, all of which have not been seen before." Now think of these people's names are also very regular, many are the name of the star to change a few words, most likely false borrowers. ” ]

Investment in the Peer-to-peer network loan platform "Angel plan" on more than 6 million yuan in funds is still not recovered every year, local investors are collecting evidence to police report.

Peer-to-peer Network loan company Angel program, in operation nearly three years later, in October 2011, suddenly unable to log in, the website owner Wang Longyu lost contact. According to investors, the investment in the Angel program has not yet been recovered loan is expected to exceed 6 million yuan, the latest statistics of the victims of 65 people.

Peer-to-peer Network Loan mode is that individuals borrow from each other through the network platform, its security has been questioned. Earlier, there has been a gold rush loan malicious fraud (this newspaper June 12, the first report), and the Angel plan case may be another network loan platform of the vicious risk event.

Angel plans to disappear.

September 2008, Angel Plan network loan platform was set up, it is also the earliest set up a group of network loan platform.

The three anniversary of the launch of the Angel program was launched in September 2011, offering 1% of the money for investors to recharge and a substantial increase in the return on loans, with investors pouring money into the Angel program.

October 2011 Angel Planning site suddenly can not log in, investors to the site of commercial and industrial registration of the police, police intervened in the investigation, but the procuratorial organs do not arrest, investors are not recovered funds.

According to an investor's screen-cutting material, Angel plans to invest and manage by Cosco Zhaotong Technology Co., Ltd., legal representative Wang Xiaoyu, manager Wang Longyu. URL: www.tsdai.com,www.ts880.com,www.zt15.com, the website 2010 in Zhaotong Public Security Bureau Network Security Detachment made ICP record.

The reporter calls Yunnan province Zhaotong police by investigation Brigade, the related personnel told the reporter, they already in June 2011 has submitted the related case to the procuratorial organ, applies to catch the criminal suspect, but the local procuratorial organ does not approve the arrest, in the local police application review, the procuratorial organ still does not approve the arrest.

According to an investor-provided screen-cutting material, the actual person in charge of the Angel program is Wang Longyu, the reporter calls its cell phone and company telephone, has been no answer.

At present, Angel Project investors are collecting relevant information, according to their data, the amount of funds currently determined is estimated to exceed 6 million yuan, the victims of 65 people.

Peer-to-peer Network Loan operation mode is the website provides the platform, the lender in the Peer-to-peer website to issue the loan demand, the borrower through the website will lend the money to the loan party. In the loan transaction, the lender obtains the fund, but the borrower obtains the investment income.

Xu Hongwei, founder of Net loan, told reporters: "Angel program Belongs to an earlier set of network loan platform, after the establishment also operated for nearly three years, but last year 11 after the site suddenly disappeared." ”

Super high Yield + long term

Mr. Sun, an investor in Shanghai, began contacting internet lending in 2010. "At that time, the investment in the domestic and other early establishment of the Internet lending platform, Angel investment in the capital of about 50,000 yuan." The day of the plan in September last year issued a promotional announcement, as long as the recharge, you can reward the amount of 1%, then I put the money to 120,000 yuan. "The old grandson told the reporter.

"The angel plan was set up earlier and has been in operation for some time, so we believe it more." At the beginning of the time we are only a small amount of investment, a year, although there are bad debts, but the investment income completely covered the bad debts, so I dare to invest a lot. "The old grandson told the reporter.

After 11 last year, Mr. Sun and some other investors recalled that they had begun to discover some of the suspicions of the Angel plan:

"To count the investment rewards on the site, the rate of borrowing at that time was already over 96%, and such high interest rates have never been seen before." "The old grandson told the reporter.

Another investor, Andy, added: "After this big promotion, a lot of new borrowers have sprung up in the web, which they haven't seen before." Now think of these people's names are also very regular, many are the name of the star to change a few words, most likely a false borrower. ”

According to the net loan rule, the new borrower's borrowing quota is very low, some strict wind-controlled websites tend to control the new borrower's quota under thousands of yuan. "But after September, the borrowers had a very high amount of borrowing. Andy told reporters.

"It's not just an angel project, but a fake borrower is a big industry problem at the moment," he said. Because the net loan platform is opaque to the borrower's information, it is difficult for investors to find out which are false borrowers. Xu Hongwei told reporters.

In addition, the general network loan investors will choose some of the subject matter of short time to invest, those borrowing period within one months of the loan target, because the money back quickly most favored by investors. On the one hand, short-term borrowing standard liquidity is relatively good, on the other hand, the net loan platform once the risk omen, these investors can also recover the funds fastest.

But the reporter learned that many Angels plan to borrow money from investors in the period of 1 years or so. "Angel program's investment target has ranged from 1 months to 2 years, but the interest rates on short-term borrowing and long-term borrowing are huge, with one-month borrowing being about 1.6%, but a one-year loan is roughly 3%, so most people will opt for a longer period of borrowing. "The old Sun explained.

Suspected illegal fund-raising

In general, the net loan platform serves only as a platform for both lenders and borrowers to issue their own borrowing requirements on the website, while investors lend to borrowers through the Web site.

But the angel plan, in addition to this common borrowing target, there is a class of "wealth management products"-"internet communication"-without specific borrowers.

"This type of product does not have a specific borrower, the equivalent of investors to the money directly into the platform of the loan Account, and then the network loan platform online to put money out." Angel plan investors old to tell reporters.

Lai, a Zhejiang investor, had invested more than more than 1.5 million yuan in the Angel plan, and all of his investments had been invested in the "net-pass" of those without a particular borrower.

"In fact, in September 2011 I have found doubt. At that time, I put into the net 300,000 yuan of the letter has expired, is preparing to bring out the money, but found that the money was ' renewed ', the website automatically will be recovered money into the ' net faith '. Then the Angel program staff told me that it might be a website system problem, and that the money had been lent, so I waited for the next payment. "Old to tell the reporter."

Shanghai's network loan platform, the head of the mutual benefit network Jiang Jianchun told reporters: "The establishment of the legal relationship to borrow two elements, the first is the borrower signed a loan contract, that is to borrow the agreement; The second is that the borrower must pay the facts of the loan, that is, currency payment. And now the biggest problem with online borrowing is that there is no one-to-one contract between the two lenders. As most Peer-to-peer network lending Platform model is the investor's funds into the platform account, and then the platform to transfer money into the borrower's account, so it is difficult for investors to prove that they have lent money to borrowers. ”

Beijing Jin Cheng with Tatsu (Shanghai) Law firm lawyer Xu Haibo told reporters: "Legally speaking, commitment to high interest returns, to not specific customers to absorb funds, is illegal fund-raising." In the Peer-to-peer Network loan field, if the network loan platform is not only to act as intermediary, funds directly into the network loan platform is defined as the risk of illegal fund-raising. ”

Reporter further investigation found that investors provided by the Angel Plan website screenshot, the website provided by the industry and commerce registration data show that the date of establishment is October 30, 2009, and its actual date of establishment September 2008 does not match. In addition, its business registration data show the company responsible person is Wang Xiaoyu, and its actual control person Wang Longyu does not match.

Capital chain break or malicious fraud?

In the old days to discover the site of the Angel program disappeared, Wang Longyu initially did not lose contact, he also on the network and Lai and other investors to communicate.

"Wang Longyu said at the time, the company encountered operational problems can not support, but then Wang Longyu can no longer contact." "Old to tell the reporter."

According to the reporter understand, Wang Longyu is "after", engaged in computer technology work, Angel planning site is by his personal build.

Xu Hongwei told reporters: "The site was not immediately after the establishment of the money disappeared, the previous three years operation is also more smooth, should not be malicious fraud, and most likely in the operation of the problem." ”

However, the owner of a network lending platform in Guangdong said the Angel plan was not an operational problem: "The probability of a broken Angel plan fund chain is very small." If its own bad-debt rate is true, then the Angel Plan's bad debt rate is not high, and in September 2011, the promotional activities attracted millions of funds, not less than one months on the capital chain break. ”

Xu Haibo told reporters that if the suspect disappeared and malicious misappropriation of assets is likely to be defined as fraud by law.

"The difference between illegal fund-raising and fraud is that the latter is intended for illegal possession: if the money is still there and the money can cover the shortfall, it is classified as illegal fund-raising, but if the money has been diverted or squandered, or cannot cover the shortfall, it is likely to be perceived as a subjective malice of unlawful possession, Characterized as fraud. Xu Haibo told reporters.

Xu Haibo introduced, in the past cases, whether the definition of fraud has several key points: first, the suspect disappear, the second is to provide false documents, the third is whether the suspects wantonly squandered or diverted for his use, four is the funds can not be recovered caused significant losses.