Core Viewpoint - The financial troubles of Jinkey Group have led to significant losses for investors, with the chairman admitting to investment failures and the company facing investigations for illegal fundraising activities [1][3][9]. Group 1: Company Overview - Jinkey Group, founded on February 25, 2014, operates in various sectors including municipal engineering, financial investment, and internet technology [10][11]. - The company has expanded its operations across multiple regions in China and internationally, with a focus on high-yield investment products [10][11]. Group 2: Investment Products and Strategies - Investors were attracted to Jinkey Group's high-yield investment products, which promised annual returns between 6% to 9% [4][6]. - Many investors were initially introduced to the company through financial education courses, later being persuaded to invest in municipal engineering projects [2][6]. Group 3: Financial Mismanagement and Losses - The chairman, Lin Chunhao, reported total fundraising of approximately 1.339 billion yuan, with operational costs exceeding 2 billion yuan, leading to the depletion of investor funds [9]. - Significant losses were attributed to various failed investments, including bad debts from lending, P2P platform failures, and losses in stock and cryptocurrency investments [8][9]. Group 4: Legal and Regulatory Actions - Investigations into Jinkey Group have been initiated by local authorities, with reports of multiple investors filing complaints regarding their losses [3][5]. - The company is currently under scrutiny for potential illegal fundraising practices, with law enforcement agencies involved in the investigation [3][5]. Group 5: Investor Sentiment and Market Context - Many investors expressed disbelief regarding the company's investment claims, particularly the unrealistic returns promised in a short timeframe [7][13]. - The prevalence of financial scams in economically developed regions has been noted, with experts suggesting that high returns often lure investors despite regulatory warnings [13].

Group 1 - The chairman of Golden Key Group, Lin Chunhao, claimed in an open letter that he has fled abroad due to investment failures, indicating that investors' funds are likely lost [2] - Investors reported that some had invested amounts as high as 700,000 yuan, but the platform collapsed within two months, leading to significant psychological distress [2] - Golden Key Group operates in various sectors including industrial, financial investment, and internet technology, with a history of expanding its business across multiple regions [2][11] Group 2 - Many affected investors are located in cities such as Shenzhen, Zhongshan, Guangzhou, and Foshan, with most having been introduced to the company's products through friends and relatives [2][8] - The company’s office in Zhongshan was found locked and unstaffed, suggesting operational issues [3] - Local authorities, including the Shenzhen Economic Crime Investigation Team, have initiated investigations into Golden Key Group following numerous investor complaints [4][8] Group 3 - The investment products offered by Golden Key Group promised annual returns between 6% and 9%, with investment terms ranging from 3 to 36 months [5][9] - Investors reported that the initial engagement often involved attending financial investment courses, which later led to high-yield investment offers [8][9] - The company has been linked to a project management firm, Shenzhen Haibo Xin Project Management Co., which is closely associated with Golden Key Group's operations [6] Group 4 - Golden Key Group was established in February 2014 and has expanded its operations to various regions, including international markets [11] - The company claims to have a diverse portfolio, including municipal engineering, new energy, health management, and internet technology [11] - Lin Chunhao, the chairman, has a background in business management and finance, and has held various prestigious positions in the industry [14] Group 5 - Economic experts suggest that the prevalence of financial scams in developed regions is partly due to the high number of investment opportunities, which can attract fraudulent schemes [16][17] - The rapid advancement of internet technology has also made it more challenging for individuals to identify fraudulent projects [17] - In a "familiar society," scams propagated through acquaintances can lead to higher susceptibility among victims [18]