According to Wu, as reported by the Economic Observer, the Guangdong Golden Key Group collapsed in mid-April, with the amount involved approximately 1.34 billion yuan. Chairman Lin Chunhao announced that he has fled to the UK and admitted in a "farewell letter" that all funds have been exhausted. The group recruited investors through financial management seminars, promising an annual return of 6%-9%, with funds used for P2P lending, stock trading, and Virtual Money investments, among which losses in Virtual Money reached 68.98 million yuan. Currently, the Economic Investigation Department of the Shenzhen Public Security Bureau has initiated an investigation.
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Guangdong Golden Key Group suffered a massive loss, involving nearly 69 million yuan in Virtual Money losses.
According to Wu, as reported by the Economic Observer, the Guangdong Golden Key Group collapsed in mid-April, with the amount involved approximately 1.34 billion yuan. Chairman Lin Chunhao announced that he has fled to the UK and admitted in a "farewell letter" that all funds have been exhausted. The group recruited investors through financial management seminars, promising an annual return of 6%-9%, with funds used for P2P lending, stock trading, and Virtual Money investments, among which losses in Virtual Money reached 68.98 million yuan. Currently, the Economic Investigation Department of the Shenzhen Public Security Bureau has initiated an investigation.