<br>Of which nearly 500 people lost 83 million Bardon auction, namphou pawn four company executives on trial<br> <br>Oriental Morning Post reporter Li Yan<br> <br>There is no free lunch. When nearly 500 people truly understand this,http://www.kaidebo.com/news/html/?3558.html, they have lost more than 83 million yuan.<br> <br>By committing 10% to 20% of the high annual interest, an auction house,louboutin homme, a pawnshop,doudoune canada goose, a consulting firm teamed up,http://www.m-pep.org/spip.php?article4038, the cumulative "borrowed" nearly 600 244 million yuan.<br> <br>Yesterday, the former legal representative of the auction company Bardon Xiaoming, former Tianjin Investment Advisory Co.,hogan outlet sito ufficiale, Ltd. Shanghai Branch General Manager Fan Xiaogang, deputy Bopei Jun, former namphou pawnshop legal representative Huang Wenjie, former Shanghai Tiancheng Investment Co., Ltd. Legal Representative Chen Guoming 5 people, standing together on the Shanghai Second Intermediate Court dock. They are suspected of financial fraud or jointly, fraud, illegal business.<br> <br>Cheat<br> <br>Attractive high interest rates to borrow money<br> <br>244 million yuan of large sums of money, how can easily fool? Yesterday, Zhang Xiaoming and other defendants in court about the secret money making.<br> <br>2005, Zhang Xiaoming all Bardon auction houses began to suffer losses, he found in the financial Shanghai Branch General Manager Fan Xiaogang discuss. The financial company to provide customers with stocks and other financial advisory services, holding a lot of rich information.<br> <br>Under the consultation, Zhang Xiaoming to pawn Bardon holding company needs cash in the name of the borrower, the utilization of financial company's platform to contact the borrower. Zhang Xiaoming commitment,http://www.dphoto.jp, to borrow money to 20% fixed interest, including the interest of the borrower and to commission.<br> <br>At first, Zhang Xiaoming not owed 20% of interest,louboutin soldes, please also have a registered capital of 30 million yuan, announced earnings of 30% to 40% of the Nanpu pawnshop secured,http://framasoft.net/spip.php?article5236, Fan Xiaogang believe he will not make money from.<br> <br>Subsequently, Zhang Xiaoming, 5 people still to be established,http://www.aprender-frances-en-francia.com/spip.php?page=forum&lang=en/, "Nanpu Group",http://www.ito.dz/spip.php?article74, set up Actis (sound) funds in the name of fundraising outside continued.<br> <br>However, the high interest rates soon make Xiaoming funding strand breaks,http://www.lianying.net.cn/news/html/?2955.html, has been unable to repay principal and interest due. Since Bardon auction is the largest shareholder Nanpu pawn shops, pawn shops as security Nanpu also unable to pay back the money.<br> <br>Stand trial<br> <br>Admitted to borrow money does not recognize scams<br> <br>Yesterday,canada goose pas cher, about 200 people arrived to attend the Second City Court hearing the case, most of which are the victims, mostly in middle-aged, lending money from a few million to several million dollars.<br> <br>During the trial, the defendant Zhang Xiaoming, etc. While acknowledging the fund-raising,http://120.25.126.81/read.php?tid=33849&ds=1, the fact that the borrower's Procuratorate allegations, but denied it was fraud.<br> <br>Zhang Xiaoming insisted that he intends to pay back the money all along, before the incident also has the ability to repay the loan a little bit. Fan Xiaogang has repeatedly stressed: "I never intend to illegal possession, there is no actual possession." Due to the complexity of cases, the Second City Court will continue hearing the case.<br><br>
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Fan Xiaogang believe he will not make money from.
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