每经记者｜袁园 每经编辑｜廖丹 如果有一款产品，承诺为你"兜底"炒股的亏损，让你坐享每月翻倍的收益，你会相信吗？ 投资者王明（化名）一开始是不相信的。但根据该产品的介绍资料，项目背靠香港正规保险公司，并由中信证券作为战略合作机构。 参与规则更是简单到不可思议：你只需"快捷投保"，有人帮你选股，赚钱了分保险公司三成收益，亏钱了保险公司全赔。推介人发来 的收益表上，6000元本金在一年后竟能变成164万元。 视觉中国图 于是，一向谨慎的王明也动摇了，"说是背靠香港的保险公司，这听起来很可靠，'保险兜底'给了我很多安全感。而且我在香港保监局 确实查到了这家保险公司。" 然而，真有稳赚不赔的买卖？保险居然能为股票投资上保障？《每日经济新闻》记者以投资人身份暗访发现，这款号称背靠香港保险 公司的产品，背后疑点重重…… "新型股民险种"：保险兜底，炒股稳赚不赔？ "全网首款为股票投保的保险，只赚不赔，保险兜底。静态收益月化60%~100%。"深夜刷着手机，王明的目光被这样一行文字牢牢锁 住，他揉了揉眼睛，确认自己没看错——世上竟有只赚不赔的买卖？ 在将信将疑中，王明向对方发送了私信。很快，一位自称了解内情的项目推介人发来 ...

Core Viewpoint - The article discusses a suspicious investment product called "An Wo Gu Bao," which claims to provide insurance coverage for stock trading losses while promising high returns, raising concerns about its legitimacy and potential risks to investors [1][6][13]. Group 1: Product Overview - "An Wo Gu Bao" is marketed as the first insurance product for stock trading, allowing investors to participate without selecting stocks themselves, with a claimed success rate of 97% for stock selection [2][4]. - The product offers a minimum investment of 100 yuan and a maximum of 1 million yuan, with daily trading and profit withdrawal capabilities [2][4]. - The promotional materials suggest that investors can earn monthly returns of 60% to 100%, which is significantly higher than typical market returns [1][9]. Group 2: Company and Regulatory Concerns - The product claims to be backed by a legitimate Hong Kong insurance company, but investigations reveal that the company denies any association with "An Wo Gu Bao," indicating it may be a fraudulent scheme [6][7]. - Experts highlight that stock trading losses are considered speculative risks and are not insurable under traditional insurance models, raising questions about the product's compliance with regulatory standards [6][13]. - The product's structure resembles a Ponzi scheme, relying on new investments to pay returns to earlier investors, which is a common characteristic of fraudulent financial products [13][14]. Group 3: Marketing and Incentives - "An Wo Gu Bao" employs a multi-level marketing strategy, offering rewards for both first-time investors and those who refer new clients, which is indicative of a pyramid scheme [9][11]. - The promotional system includes a "star-level" client program that provides weekly salary rewards based on the number of referrals, further incentivizing recruitment over genuine investment [11][12]. - The marketing claims of guaranteed returns and insurance coverage are designed to lower investor skepticism, but experts warn that such promises are often misleading [13][15].

Core Viewpoint - The article discusses a new investment product called "An Wo Gu Bao," which claims to provide insurance coverage for stock investments, promising high returns while minimizing risks. However, investigations reveal significant doubts about its legitimacy and the underlying business model [2][11][18]. Group 1: Product Overview - "An Wo Gu Bao" is marketed as the first insurance product for stock investments, offering a monthly return of 60% to 100% [3][5]. - The product allows users to invest with minimal effort, as it is managed by a strategic partnership with CITIC Securities, which handles stock trading on behalf of the investors [5][10]. - Users can invest amounts ranging from 100 yuan to 1 million yuan, with the option to choose investment durations of 1, 3, or 5 days [5][7]. Group 2: Profit and Loss Mechanism - The product claims that if an investment results in a loss, the insurance company will cover the entire loss, while profits will incur a fee of 30% [7][10]. - An example provided shows a user investing in a technology stock, resulting in a profit after deducting the insurance fee [8][9]. Group 3: Regulatory Concerns - Experts express skepticism about the viability of insuring stock investments, as stock trading is considered speculative risk and not typically insurable [11][18]. - The Hong Kong Insurance Authority does not recognize stock insurance as a valid category, raising questions about the product's legitimacy [11][12]. - Both Hong Kong An Wo Insurance and CITIC Securities have denied any association with "An Wo Gu Bao," indicating it may be a fraudulent scheme [12][14]. Group 4: Marketing and Recruitment Strategy - The product employs a multi-level marketing strategy, offering rewards for referrals and promoting a "star customer" program that incentivizes recruitment [14][16]. - The structure resembles a Ponzi scheme, relying on new investments to pay returns to earlier investors, which is a hallmark of such fraudulent schemes [18][19]. Group 5: Expert Opinions - Industry experts warn that the promised returns far exceed reasonable market expectations, indicating a high likelihood of fraud [18][20]. - Investors are advised to remain cautious and skeptical of any investment promising guaranteed returns, especially those lacking transparency and regulatory approval [20].

Core Insights - The article highlights the resurgence of Ponzi schemes, emphasizing the need for public awareness regarding "high return, low risk" investment projects [1][2][3] Group 1: Nature of Ponzi Schemes - Ponzi schemes are characterized by promises of high returns, often using complex technology concepts as a facade for fraudulent activities [1] - These schemes operate on the principle of "using new investors' money to pay returns to earlier investors," lacking any legitimate cash flow-generating products or services [1] - Common tactics include claiming participation in significant projects for high returns, impersonating legitimate financial institutions, and offering commission for referrals [1] Group 2: Regulatory Challenges - The difficulty in regulating Ponzi schemes is a significant factor in their persistence, as they often disguise themselves under the guise of commercial or technological innovation [2] - The shift from traditional offline schemes to more covert online operations has made detection and enforcement increasingly challenging [2] - Online Ponzi schemes can operate with lower costs and faster withdrawal rates, complicating the tracking of funds and increasing the speed at which they can disappear [2] Group 3: Participant Dynamics - The ecosystem of participants in Ponzi schemes includes not only victims but also "professional players" who actively seek out these schemes for profit [3] - These "leaders" often recruit others, creating a network that can temporarily benefit from the scheme, but they are also at risk of being exploited [3] - The article stresses the importance of collective efforts from society and regulatory bodies to combat these schemes and protect investors [3]

2025.10. 31 本文字数：2175，阅读时长大约4分钟 作者 | 第一财经 安卓 "仅10月份，我们就在公众号里警示了200个资金盘，而这些都还只是'冰山一角'。"李旭反传防骗团队负责人李 旭对第一财经记者说。 与投资实体经济或金融市场等正规渠道不同，资金盘不产生任何社会财富。它的唯一收入来源就是后来投资者的 本金。像一个需要无限扩张的病毒，一旦新资金流入速度无法覆盖旧成员的收益，整个系统就会瞬间崩塌，让绝 大多数参与者血本无归。 任何投资，如果它看起来过于美好，并且无法清晰地理解其价值来源和商业模式，那么它极有可能就是那个藏匿 在光明之下的"暗网"。 李旭将资金盘总结为十个类型，包括网络购物型、网络投资理财型、网络创业型、网络旅游型、网络教育型、网 络慈善型、中介平台型、"云、加盟、连锁"型、"销售奖励"型、"股票基金、投资创业"型。 尽管每一个骗局都有自己的特点，但也存在着高度相似之处，李旭介绍，资金盘主攻人性弱点，利用"稳赚不 赔""高额返利""国家扶持""内幕消息"的话术，对于缺乏投资经验、追求短期收益、甚至对所谓的"政策红利"抱 有幻想的人来说，几乎毫无抵抗力。加之一开始，各个项目都会让投资 ...

Core Viewpoint - The article discusses the collapse of a fraudulent investment platform named "启明创投QMVP," which misappropriated the branding of a legitimate private equity firm,启明创投, to lure investors with unrealistic returns [1][8]. Group 1: Company Misrepresentation - "启明创投QMVP" used the name and logo of the reputable private equity firm,启明创投, to gain credibility among potential investors [8][11]. - The fraudulent app claimed to offer extraordinary returns, such as "monthly interest of 30%" and "annualized returns of up to 200%" [1][5]. - The legitimate启明创投 has issued multiple statements clarifying that it does not have an official app and only raises funds from qualified investors [9][11]. Group 2: Investment Products and Returns - The app offered various investment products with high daily returns, such as "因诺尊享CTA" with a daily return rate of 1.23% and a minimum investment of 4,500 yuan [3][5]. - Some products were named after publicly listed companies, boasting annualized returns as high as 657% [5][7]. - The investment cycles for these products were notably short, appealing to users looking for quick profits [7]. Group 3: User Registration and Access - Users could only register on the app by entering an invitation code, making it difficult for ordinary users to access the platform [2][3]. - The app's download link became inaccessible shortly after the reports of its fraudulent activities surfaced [3]. Group 4: Legal Implications and Fraud Mechanisms - The fraudulent platform employed a multi-level marketing strategy, rewarding users for recruiting others, which aligns with characteristics of pyramid schemes [7][19]. - Legal experts indicated that such operations could violate multiple laws, including fraud and illegal fundraising [7][19]. - The article highlights that many fraudulent platforms utilize the names and materials of legitimate companies to mislead investors [19].

Core Insights - Investment schemes that appear too good to be true often lack a clear understanding of their value source and business model, indicating they may be fraudulent operations [1][2] - In October alone, 200 fraudulent investment schemes were warned about, representing only a fraction of the total [1] Types of Schemes - The article categorizes investment scams into ten types, including online shopping, investment and financial management, entrepreneurship, tourism, education, charity, intermediary platforms, franchise models, sales rewards, and stock fund investments [2] - Common tactics used by these schemes include promises of guaranteed returns, high rebates, government support, and insider information, targeting inexperienced investors seeking quick profits [2] Operational Mechanisms - Investment schemes often rely on a pyramid structure, where new investors' funds are used to pay returns to earlier investors, leading to inevitable collapse when new investments slow down [2] - The flow of funds has become increasingly concealed and cross-border, utilizing methods like QR code transfers and cryptocurrencies, making it difficult to trace [3] Ecosystem of Scams - The ecosystem of these schemes consists of "operators" at the top, who design the framework and rules, often hiding abroad, while "team leaders" operate within the country to recruit new investors [4] - Team leaders play a crucial role in promoting new schemes and often have extensive experience in the field, acting as both investors and recruiters [5] Recruitment and Exit Strategies - Team leaders use social media to recruit participants, offering guarantees and support to entice new investors, but they often exit before the scheme collapses, leaving latecomers to bear the losses [5] - Some team leaders have been known to receive warnings about the risks of certain schemes and preemptively withdraw their teams [5] Legal and Ethical Considerations - Individuals involved in these schemes, particularly team leaders, may be considered as co-conspirators and should face legal consequences for their roles in perpetuating fraud [6] - The article emphasizes the need for regulatory bodies to not only target the schemes themselves but also to hold team leaders accountable for their involvement [6]

2025.10.26 本文字数：3632，阅读时长大约6分钟 作者 |第一财经 安卓 封图 |AI生成 距百亿"资金盘"鑫慷嘉平台被曝崩盘跑路不过3个月，近日，一家名为"凤凰潮"的大型"资金盘"又进入 了公众视野。 第一财经发现，与其他"资金盘"相比，该"资金盘"的迷惑性主要在于宣称"零成本""零门槛"，只需要每 日打卡就可以赚积分、奖励。 但事实远没有那么简单，用户一旦深陷其中，就会被层层诱惑：充值、拉人头、投资、复投……目前， 贵州省、湖南省多个市县密集发布了关于"凤凰潮"的风险提示，部分机构还在线下展开针对"凤凰潮"的 反诈宣传活动。 多层级运作模式 近期，"凤凰潮"手机APP（又名"国海数商"）在多地迅速扩散，据了解，该平台的主体运营公司为海南 省国海创新科技有限公司(下称"国海创新")。 工商信息显示，国海创新成立于2021年9月26日，注册资本1000万元，2022~2023年的社保缴纳人数为 0，2024年为4人。值得注意的是，该公司于今年9月22日被列为经营异常状态，异常原因为：通过登记 的住所或者经营场所无法联系。 国海创新的法定代表人为叶建益，根据网上一篇名为《凤凰潮起处 赤子报国心——记 ...

Core Viewpoint - The article discusses the emergence of a new fraudulent investment platform called "Phoenix Tide," which operates under a multi-level marketing scheme, luring users with promises of easy earnings through minimal effort and investment [3][4]. Summary by Sections Overview of "Phoenix Tide" - "Phoenix Tide" claims to offer a "zero-cost" and "zero-threshold" investment opportunity, requiring only daily check-ins to earn points and rewards [4][10]. - The platform is operated by Hainan Guohai Innovation Technology Co., Ltd., which has been flagged for operational irregularities [6][10]. Multi-Level Operation Model - The platform employs a multi-tiered operation model, starting with a deceptive "zero investment" earning scheme that requires users to complete simple tasks for minimal rewards [10][11]. - Users can progress through six task levels, with higher levels requiring investment in "task packages" that promise inflated returns [11][12]. - The platform creates a false sense of value for points through limited-time offers and price increases, encouraging users to reinvest [12][13]. Recruitment and Dynamic Earnings - "Phoenix Tide" incorporates a recruitment mechanism, incentivizing users to bring in new participants to increase their earnings, resembling a pyramid scheme [13][14]. - Users can achieve different "agent" levels based on their recruitment success, which unlocks additional benefits and earnings [14][15]. Spread and Public Response - The platform has gained traction primarily through personal networks, with many users recruiting family and friends [16][17]. - Multiple local governments and agencies have issued warnings about the risks associated with "Phoenix Tide," highlighting its similarities to traditional Ponzi schemes [19][24]. Psychological Factors and User Behavior - Many participants are aware of the risks but choose to engage due to greed, social pressure, and the fear of missing out on potential profits [24][25]. - The article concludes that individuals often succumb to their own desires and fantasies rather than being purely victims of fraud [25].

Core Viewpoint - The article highlights the emergence of a new "funding platform" called "Phoenix Tide," which operates under a deceptive model promising zero-cost and zero-threshold participation, luring users into a complex multi-level investment scheme that resembles a pyramid scheme [1][10]. Group 1: Platform Overview - "Phoenix Tide" is operated by Hainan Guohai Innovation Technology Co., Ltd., which was established on September 26, 2021, with a registered capital of 10 million yuan [2][3]. - The company has been listed as operating under abnormal conditions since September 22, 2023, due to being unreachable at its registered address [2][3]. Group 2: Operational Model - The platform employs a multi-layered operational model, starting with a misleading "zero-cost earning" approach that requires users to complete simple tasks to earn points, which ultimately yield minimal returns [6][7]. - Users are encouraged to invest in "task packages" with prices ranging from hundreds to tens of thousands of yuan, promising high returns through reinvestment, which leads to a cycle of continuous investment [7][8]. Group 3: Recruitment and Expansion - The platform promotes a pyramid-like structure where users are incentivized to recruit others, creating a dynamic reward system that relies on new investments to sustain returns for existing users [8][9]. - "Phoenix Tide" has been spreading primarily through familial networks, with users often pressuring relatives to join, despite warnings from authorities [10][12]. Group 4: Regulatory Response - Multiple regions, including Guizhou and Hunan, have issued risk alerts regarding "Phoenix Tide," with local governments and institutions actively conducting anti-fraud campaigns to educate the public about the platform's risks [10][12]. - Legal experts categorize "Phoenix Tide" as a "pyramid scheme-style fundraising fraud," emphasizing that the platform's operations lack legal safeguards for investors [12][14].