More than 2000 victims of “Get-rich-quick” scam
Investors from all over the country have fallen victim to an investment scam in which they were defrauded of millions of Yuan. Victims were convinced to invest their money in a Shenzhen investment company, the Shenzhen Tiantian Investment Development Co. Ltd., promising that their investment will double in 100 days.
The owner of the company who was behind the scam disappeared last Jan. 15 with the victims’ investment amounting to more than 100 million yuan (US$15.38 million). Last October, the Tiantian company put up an agency, the Hong Kong Mainland Investment Enterprises Commodities Fair Co. which claimed to have been commissioned by the Hong Kong SAR Government, giving free coupons and promising investors that their investment will double in just 3 months.
Sun, one of the victims said that he went to the office in the World Finance Center in Luohu District, checked all the business licences, and found them to be very convincing. He even attended a meeting where he met a certain Zhao Xinghan who claimed to be the legal person of the Hong Kong Mainland Investment Enterprises Commodities Fair Co.. Sun sold 25,000 yuan and loaned 100,000 yuan to invest in the company but later on found out that he was a victim of a scam.