点击上图▲立即收听 " 这 些爆雷企业所在的产业共性是：野蛮生长，快速迭代，做局自毁，但又生生不息。 " 文 / 巴九灵（微信公众号：吴晓波频道） 在江浙沪拥有 23 家黄金门店、 11 家珠宝门店的永坤黄金 " 十年磨一骗 " ，打着 " 年化 9% 保本保收益 " 的金字招牌，在 5 月被发现无法兑 付，涉案人数多达 1 万人，涉案金额高达 40 亿元。 网络上， " 拿什么还我全家族近十年两千万 "" 一百多万血本无归 " 的帖子接连涌现， 62 岁的陈阿姨就是其中一位受害者。 十年前，她在家附近的门店买过金饰， " 服务好、门店多、看起来很正规 " 。后来她又听朋友说，永坤有黄金委托保管业务，年化收益 5% — 9% ，还承诺 " 保底回购、价格下跌补差额并赔违约金 " 。 这种 " 有钱自己赚，风险别人担 " 的好事让陈阿姨有些怀疑，但一打听，发现身边不少人都在买， " 存银行利息太低了，股票又风险太大，我觉 得永坤黄金这么多年一直在营业，线下还有那么多店，应该靠谱 " 。 于是，陈阿姨先是投了十万，这些年又慢慢加码，三年前家里拆迁，政府赔了一笔钱，她咬咬牙，把这笔 " 养老钱 " 也投了进去。 直 ...

Core Viewpoint - The financial sector is facing a significant crisis as multiple gold investment firms, particularly Yongkun Group, have collapsed, leading to substantial financial losses for investors, some of whom have lost millions [1][20][30] Group 1: Company Overview - Yongkun Group operated a complex gold investment scheme that misled investors into believing they were purchasing gold with guaranteed returns, which turned out to be a Ponzi scheme [3][11] - The company promised annual returns as high as 9%, significantly above the bank deposit rate of 3.45%, which attracted many investors [5][6] - The investment model involved both online and offline channels, where customers signed contracts for gold storage and repurchase, creating a facade of security [8][9] Group 2: Investment Scheme Details - The contracts included clauses that promised to refund the original price if gold prices fell, which was a key selling point for attracting investors [6][11] - The scheme relied on continuous influx of new investors to sustain operations, ultimately leading to financial collapse when new investments dried up [11][24] - Prior to the collapse, the company was still actively promoting investment opportunities and running promotional campaigns, indicating a desperate attempt to gather more funds [15][16] Group 3: Investor Impact - Many investors, including families, invested significant amounts, with some losing over 12 million yuan, leading to extreme emotional distress and even suicidal thoughts among victims [22][30] - The network of victims expanded widely, with over 60% of investors being referred by friends, showcasing the extensive reach of the company's marketing tactics [24][26] - The collapse has left a large number of investors in financial ruin, with reports of individuals losing their life savings and facing severe financial consequences [20][22] Group 4: Management and Legal Issues - The company's founder, Wang Guohai, has been described as a key figure behind the scheme, with a history of operating multiple companies, many of which have been dissolved [26][28] - Following the collapse, it was revealed that the promised gold reserves, valued at 4.1 billion yuan, were nonexistent, leading to legal investigations [28][30] - The authorities have initiated investigations, but recovery of lost funds for investors remains uncertain, highlighting the risks associated with high-return investment schemes [30]

Core Viewpoint - Yongkun Gold has collapsed, affecting a significant number of middle-class individuals, small business owners, and wealthy families in the Yangtze River Delta, with the involved amount exceeding 2 billion [2] Group 1: Business Model and Operations - Yongkun Gold is not a traditional gold retailer but positions itself as a "comprehensive gold service provider," offering investment certificates instead of physical gold [4] - The company attracted investors with high-interest promises, initially offering annual returns as high as 9%, later stabilizing around 7%, significantly above market averages [4] - The business model relied on a Ponzi scheme structure, using new investor funds to pay returns to earlier investors rather than purchasing actual gold [6][8] Group 2: Investor Impact - Many investors, including families, invested substantial amounts, with some families investing up to 20 million [6] - As gold prices surged, investors rushed to withdraw their funds, leading to a liquidity crisis for Yongkun Gold, which could not fulfill withdrawal requests [7] - Employees of Yongkun Gold also suffered losses, with reports of them losing their life savings and facing financial distress [8] Group 3: Market Context and Warnings - The recent surge in gold prices attracted many investors seeking high returns, leading them to overlook the risks associated with high-yield investments [9][10] - The collapse of Yongkun Gold serves as a warning against high-yield investment promises, especially in a changing interest rate environment where traditional safe investments yield lower returns [12][19] - The situation reflects a broader issue of similar Ponzi schemes in China, indicating a systemic risk in the investment landscape [12]

以下文章来源于每日经济新闻 ，作者每经记者 每日经济新闻 . 中国主流财经全媒体。互联网新闻信息服务许可证编号：51120190017 。 "我每年光投资理财的收益，就相当于普通人5年的工资。"资料显示，"永坤商城"上有7%~8%的年化收益、预购承诺"保本"、积分也能换购黄金等宣传口 号，吸引了大批投资人。 然而，就在近日，多名投资者爆料，永坤黄金珠宝有限公司（以下简称"永坤黄金"）旗下的"永坤商城"提现无法到账，出现大规模兑付异常：既不能兑付 黄金，也无法退款。 "永坤商城"首页 来源：网页截图 《每日经济新闻》记者（以下简称每经记者）注意到，5月23日，杭州市上城区市场监督管理局已将"永坤商城"运营方杭州永坤电子商务有限公司背后的永 坤黄金和浙江永坤控股有限公司（以下简称"永坤控股"）列入经营异常名录，原因为"通过登记的住所或者经营场所无法联系"。 据红星资本局报道，5月27日，记者从杭州上城区经侦队确认此事确已立案，具体情况还在调查中。 01 客服微信无法添加，电话关机 有人投入上千万元 "我先买了几万元，到期后也顺利到账，于是就加大投资。今年3—4月的时候，金价波动很大，收益从正7000多元到负800 ...

Core Viewpoint - Yongkun Gold, established in 2014, is facing significant payout difficulties involving over 2 billion RMB, affecting thousands of investors, raising concerns about its business model and sustainability [1] Business Model and Products - Yongkun Gold claims to cover multiple sectors including gold exploration, refining, jewelry design and sales, import-export trade, and e-commerce, utilizing both online platforms and over 30 physical stores nationwide [2] - The "Gold Custody and Repurchase" service allows investors to purchase gold without actual withdrawal, with promises of high fixed annual returns, with rates as high as 12% to 18% for investments over 3 million RMB [4] - The online platform also offers a "Pre-purchase Gold" service, claiming capital protection and profit guarantees, essentially functioning as a financial product without actual gold delivery [4] - The "Super Gold Store" and "Gold Accumulation Plan" allow investors to purchase gold from 1 gram, with a promise of price protection, but high fees apply for early redemption [4] Characteristics of the Scheme - The business model lacks sustainability as gold does not generate cash flow, relying on continuous price increases which are unrealistic given market volatility [6] - Promised annual returns far exceed normal profit margins from legitimate gold investments, indicating a reliance on new investor funds to pay returns to earlier investors, characteristic of a Ponzi scheme [6] - The absence of physical gold in investors' possession and lack of regulatory oversight facilitate potential fraud, including misappropriation of funds and fictitious inventory [6][8] Investor Vulnerability - Yongkun's false advertising created a misleading perception of trust, claiming government backing and bank custody, while actual protections were minimal [10] - Investors often lacked understanding of financial product risks, failing to question the sustainability of high returns, leading to reliance on familiar recommendations and a false sense of security [10] Preventive Measures - Investors should remain vigilant against promises of excessively high returns, prioritizing capital safety over blind pursuit of profits [13] - Conduct thorough due diligence on platforms and their compliance with regulations, rather than relying solely on marketing or physical presence [13] - Diversification of investments is crucial to mitigate risks associated with concentrating funds in a single platform or product [13] - Understanding the underlying assets, operational logic, and risk-return characteristics of products is essential to identify potential Ponzi schemes [13] Actions for Affected Investors - Affected investors should organize through social media to share information and strategies for collective action [14] - Reporting to economic crime investigation departments with evidence such as contracts and transaction records is recommended [14] - Legal avenues should be explored, including hiring lawyers to pursue claims or participate in criminal proceedings [14] - Maintaining realistic expectations regarding the outcomes of legal actions is important due to potential delays and uncertainties in recovery [14]