律所主任“借款”数亿后失联，“诉讼保全”成幌子？

Core Viewpoint - The "litigation preservation" business model created by Wang Zhi is fundamentally flawed and resembles a Ponzi scheme, where new investments are used to pay returns to earlier investors [1][3]. Group 1: Business Model and Operations - Wang Zhi, the head of Beijing Qunyi Law Firm, has been using the "litigation preservation" business model for over a decade, attracting funds through high-interest loans and family legal service contracts [1][4]. - The firm has reportedly attracted hundreds of investors, with outstanding loan contracts exceeding 900 million yuan, primarily from elderly individuals who viewed it as a stable investment [3][4]. - The law firm operates with a dual structure, where the marketing department engages potential investors while lawyers handle legal cases, primarily focusing on simple legal matters [4]. Group 2: Financial Agreements - The loan contracts stipulate a fixed annual interest rate of 11%, with repayment terms allowing for delays of three to seven working days without interest penalties [5][6]. - The contracts underwent a change in 2019, shifting the borrowing entity from the law firm to Wang Zhi, which was reportedly a requirement from the judicial bureau [6]. - Early contracts had interest rates as high as 16%, which decreased over time, and investors faced significant penalties for early withdrawal [6]. Group 3: Legal and Regulatory Concerns - Legal experts have raised concerns about the legitimacy of the "litigation preservation" claims, suggesting that the model may be entirely fabricated and does not align with standard legal practices [9][10]. - The law firm’s assertion that it could manage court refunds on behalf of clients is legally questionable, as courts typically only recognize the original applicants for refunds [10]. - The insurance policy presented as a safety net for investors is unrelated to the actual legal services provided and does not cover the risks associated with the investment model [10].