Group 1 - The article discusses a financial disaster involving a Zhejiang-based company led by wealthy heir Yu Zengyun, who absconded with 5.3 billion yuan, leaving numerous investors with significant losses [1][30] - The financial product "Qiaohang Tianxia" offered annual returns of 7% to 8%, attracting many investors during a period of low bank interest rates [4][9] - The business model involved buying gold and "renting" it out, which was marketed as a lucrative investment opportunity [6][7] Group 2 - Yu Zengyun, who inherited a real estate fortune, shifted focus to high-risk capital ventures, leading to the rapid growth of a financial empire known as "Qiaohang" [11][13] - The company launched a gold leasing product in 2019, which became a major vehicle for attracting private funds, but ultimately lacked real gold backing [13][32] - On September 5, 2023, a significant gold leasing order of 50 million yuan went unpaid, triggering panic among investors and revealing the company's financial instability [15][17] Group 3 - The company falsely claimed to be a partner of "China Gold," using this association to gain investor trust, but later denied any collaboration after the scandal broke [22][34] - Internal data indicated that over 4 billion yuan was unpayable, equating to 5 tons of gold, which was never actually held by the company [28][32] - The aftermath of the scandal left many employees and investors devastated, as they had invested their savings and even mortgaged properties based on the company's promises [26][30]