The largest illegal speculation in the domestic case two principal culprits were sentenced to 9 years

Fraud can be scrambled "London gold" pull thousands of people into the virtual platform transaction volume tens of millions of yuan domestic biggest illegal fry gold case two principal offenders 9 years of our correspondent Liu Co 7 people use two purses company to open online platform trading gold futures, so that thousands of customers have invested 80 million margin transactions, The transaction chronological as high as 77.1 billion yuan at the time of the crime. It is inconceivable that all transactions are not in line with the international market, but virtual transactions, many customers still think they are in the speculation of futures rather than "play games."　　Yesterday, reporters learned that the largest illegal speculation in the domestic case has been sentenced recently, two of the principal culprits were sentenced to 9 years in prison. With fake gold bars to preach in recent years, the international gold market is bullish, can domestic investment in gold channel is very scarce, in addition to the Shanghai Futures Exchange Gold futures trading, only the major banks launched the "paper Gold" business.　　This will give the case of the principal Mr Kwok, Lu Ying and Wu Hongyue have an opportunity. According to the prosecutor of the case, the city's second division prosecutors Fu Qiu, in August 2006, three people in Beijing set up the Lenya leading International Investment Co., Ltd., without the approval of the competent authorities, to attract customers to the "London Gold" (London gold Market) Gold futures trading. Since then, Mr Kwok and Wu Hongyue because of contradictions and separation, in October 2007, Guo Jia Qiang also formed a Shanghai Kai-Dayton Investment Management Co.　　Two companies have developed more than 1100 customers. The reason why we can absorb so many customers, Guo, Wu and others are very painstaking. First of all, Wu Hongyue to use the securities market experience in the news media and websites to publish a bullish gold futures comments and articles.　　Then, the company in the provinces and cities to preach, in order to achieve results, Wu Hongyue preach often with the company's 12 gold bars, as the company can guarantee the real gold spot transactions to carry out the actual delivery of evidence. Wu Hongyue frequently published investment reviews, its personal blog is widely sought after by investors, known as "Fried Gold master", "domestic gold Investment Market pioneer One".　　However, it was later confirmed that Wu Hongyue around the 12 gold bars, only two are indeed golden.　　Software frequently crashes let customers lose money in fact, the two companies to build a trading platform is not in line with the international market, is entirely their own construction of virtual trading platform, like online games, technicians use the server control, the customer under a single situation after the human manipulation of transactions, so that most customers lose money. The case of the first informant is Beijing, Mr. Wu, he has invested more than 1 million to fry gold, but eventually lost the naked.　　According to his introduction, in early 2007, he was through blogs, websites and other channels to find Wu Hongyue. Open the gold account at the beginning, Mr. Wu also earned 200,000, however, the trading system began to collapse frequently, Mr. Wu began to lose money, and constantly received the company phone calls him to add margin, otherwise will be forced to close the warehouse notice. Later, Mr. Wu found that every time his next single operation, there will often be computer crashes,When you restart the trading system again, the system will show that the next operation has been successful, but the price is not the price of their own just when the order.　　He just called the police. After the murder, the client didn't know he was playing the game. According to Fu Qiu, two of the companies involved in the alleged "London gold" is only a cover, two companies do not have the ability to conduct transactions through Hong Kong, and China's futures trading regulations expressly prohibit over-the-counter transactions. At the same time, in more than 1100 customers, only more than 10 people profit from it, most of them lost. In order to close the position, these people have to repeatedly increase the margin.　　Until after the incident, many victims still think they are operating futures, rather than playing computer games. Recently, the Beijing Municipal Hospital for the illegal operation of the crime of several defendants in the case, the principal Lu Ying, Wu Hongyue were sentenced to 9 years in prison, and fined 2 million.　　Another principal culprit, Mr Kwok, swept away more than 70 million of the stolen money.　　RELATED LINKS four means to cheat customers only by preaching is not completely let the customer to invest money, Guo, Wu and other people gave a very attractive four conditions. The first is the implementation of margin trading, guarantee gold ratio of less than 2%, the proportion of the fund lever magnification is 50 times times. In the formal futures market, the margin ratio is generally between 5% and 10%.　　The same is 100,000 yuan margin, in Guo, Wu's company can trade 5 million yuan of gold, and the formal market can only trade 2 million yuan. Second, the processing fee to implement a fixed fee, each open warehouse, closed warehouse handling fee is only 260 yuan.　　And the formal trading venues in the proportion of fees charged, the current domestic futures exchange are two out of 10,000, three or so. Third, the implementation of a daily debt-free trading system.　　That is, after the end of the daily transaction, the exchange on the day settlement price of all contracts to settle the profit and loss, transaction margin and fees, taxes and other costs at the same time, to increase or reduce customer's margin. Four, the implementation of 24 hours at any time trading. The world's main gold market is the United States, London and Hong Kong, respectively, because of jet lag 24 hours a day of continuous gold trading. And the London gold trading time is mainly after 18 o'clock in our country time.