Core Viewpoint - The article discusses the rise and fall of a fraudulent investment scheme led by Huang Xin, highlighting the deceptive practices and the eventual financial loss to investors amounting to 13 billion [3][58]. Group 1: Marketing and Business Model - The "word-of-mouth" marketing strategy has evolved into a more sophisticated scheme known as a "funding platform" [4][8]. - Huang Xin and his partners established Guizhou Xinkangjia Big Data Service Co., Ltd. in March 2021, which was characterized by a lack of long-term vision [11][12]. - The company falsely presented itself as an international financial giant, claiming to be associated with the Dubai Gold and Commodities Exchange (DGCX) [18][19]. Group 2: Investment Practices - The platform promised daily returns of 2%, which is extraordinarily high and indicative of a potential scam [21][22]. - Investors were required to convert their funds into USDT, a stablecoin, before investing, which facilitated the platform's operations [25][24]. - Reports indicate that investors were unable to withdraw their funds, with one individual losing over 30,000 yuan [41]. Group 3: Legal and Regulatory Issues - The company faced warnings from various local authorities, labeling it as a scam as early as 2024 [42]. - Huang Xin and his partners exited the company in April 2024, leaving a new individual to take over [43]. - Huang Xin reportedly fled to Canada after obtaining citizenship through investment, further complicating the recovery of lost funds for investors [44]. Group 4: Public Perception and Consequences - The article notes a lack of official warnings available online, with most information coming from self-media sources, which allowed Huang Xin to continue his operations [48][49]. - Huang Xin's response to the allegations was to dismiss them as malicious rumors, claiming that the criticisms were unfounded [50][56]. - The article contrasts Huang Xin's actions with those of other notorious figures in the financial sector, emphasizing the scale of the fraud and the public's reaction to it [58][59].