Core Viewpoint - The article discusses the downfall of Lin Chunhao, chairman of Guangdong Jin Yao Shi Group, who fled to the UK after losing 2 billion yuan and claimed that his business failure was not fraud but rather a personal loss, drawing comparisons to other notorious figures in the investment industry [1][3][16]. Summary by Sections Incident Overview - In April 2025, Lin Chunhao publicly announced his departure to the UK after losing 2 billion yuan, asserting that he did not take any money with him and promising to repay debts in the future [1][3]. - Following the news, many investors reported significant losses, with some claiming to have lost amounts ranging from 30,000 to 6.5 million yuan [3][10]. Background of Lin Chunhao - Lin Chunhao, a member of the Guangdong Chaoshan community, held multiple prestigious titles, including financial doctorate and vice president of the Shenzhen Chaoshan Youth Chamber of Commerce, which contributed to his credibility [5][7]. - The family business began in the 1980s, focusing on electronic components, and later transitioned to finance under Lin's leadership in 2014, aiming to create a large conglomerate [8][10]. Investment Scheme - The Jin Yao Shi Group attracted many middle-aged and elderly investors by promoting high-yield financial products, claiming annual returns of 6% to 9% linked to municipal projects [10][12]. - The company falsely presented itself as a state-owned enterprise and utilized personal recommendations and wealth management courses to draw in funds [10][12]. Financial Mismanagement - Lin claimed that the 1.34 billion yuan raised had been entirely consumed, with his personal losses amounting to 715 million yuan, while the company faced significant operational costs [13][17]. - The group's financial practices were characterized by high-risk investments in P2P lending, virtual currencies, and stock markets, which ultimately led to its collapse [12][17]. Legal Implications - Legal experts indicated that the Jin Yao Shi Group might be involved in illegal fundraising activities, as it raised funds without proper authorization and promised returns [14][16]. - The company’s financial troubles have led to frozen assets and legal actions against its affiliated entities [14][16]. Conclusion - The case of Lin Chunhao highlights the complexities and risks within the investment landscape, particularly regarding the exploitation of trust and the vulnerabilities of older investors [17].

Core Viewpoint - The article discusses the collapse of a fraudulent investment scheme led by Lin Chunhao, chairman of Jinyu Key Group, who fled to the UK after admitting to losing 2 billion yuan and claiming he did not take any money with him [3][22]. Group 1: Company Background - Lin Chunhao, a prominent figure from Guangdong Chaoshan, held multiple prestigious titles, including a member of the Political Consultative Conference and a financial PhD, which contributed to his credibility [9][12]. - The Jinyu Key Group was established in 2014, transitioning from a family business in electronics to a diversified conglomerate focusing on finance, internet, and real estate [12][13]. - The company claimed to manage a government fund and was involved in various infrastructure projects, creating an illusion of a state-owned enterprise [13][20]. Group 2: Investment Scheme Details - The investment strategy involved high-yield financial products, promising annual returns of 6% to 9%, which attracted many elderly investors through personal recommendations and wealth management courses [15][19]. - The company misrepresented its investment products as government-backed, leading to significant financial losses for investors when the scheme collapsed [20][22]. - Lin claimed that the funds raised were mismanaged and lost in high-risk investments, including P2P lending and cryptocurrencies, rather than being used for legitimate projects [22][29]. Group 3: Investor Impact - Thousands of investors, primarily from Guangdong, reported substantial losses, with some individuals losing up to 6.5 million yuan [5][22]. - The fallout from the scheme has led to widespread distrust in financial institutions among ordinary investors, particularly the elderly [5][30]. - Legal experts indicated that the actions of Jinyu Key Group could constitute illegal fundraising, as they promised returns without proper regulatory approval [22][30].

Core Viewpoint - The article discusses the downfall of Lin Chunhao, chairman of Guangdong Jin Yao Shi Group, who fled to the UK after losing 2 billion yuan, claiming business failure rather than fraud, which has left thousands of investors in financial ruin [1][10][13]. Group 1: Company Background - Jin Yao Shi Group was established by Lin Chunhao, who took over the family business in 2014 and aimed to transform it into a large-scale international conglomerate integrating various industries [5][6]. - The company was known for its high-interest investment products, often marketed as "government-backed" projects, attracting many middle-aged and elderly investors [7][9]. Group 2: Investment Scheme and Collapse - The investment scheme promised annual returns of 6%-9% through municipal engineering projects, which were falsely claimed to be associated with state-owned enterprises [7][9]. - Lin Chunhao's public letter revealed that the company had consumed 1.34 billion yuan in investment funds, with Lin himself losing 715 million yuan [10][14]. - The company’s financial practices were characterized by high-risk investments in P2P lending, virtual currencies, and stock markets, leading to significant losses [10][14]. Group 3: Investor Impact - Many investors, particularly elderly individuals, reported substantial losses, with some claiming to have invested amounts as high as 6.5 million yuan [1][2]. - The collapse of Jin Yao Shi Group has raised serious concerns about investor education and the risks associated with high-yield investment schemes [14].