The staff of some overseas institutions know that engaging in the financial industry in China must be approved by the state regulatory authorities, and companies or offices established in the name of overseas have legal status to engage in illegal financial business in China, which is not easy to be detected, so they actively develop agents in China. In spite of laws and regulations, some domestic investment consulting companies collude with overseas institutions to actively attract investors to engage in illegal financial activities. For example, the suspect Ma is the chief representative of the Shanghai representative office of a holding company in Hong Kong. On June 5438+February, 2005, according to the company's requirements, the staff of the representative office were organized to look for agents in China to engage in gold and foreign exchange margin trading. By August, 2007, Ma * * had attracted more than 500 investors to engage in gold and foreign exchange trading through 20 companies and 88 individuals developed in China, and collected more than 20 million yuan in deposit. Among them, Wang Jia, the legal representative, and Wang Yi, the manager of Shanghai Chen Kai Investment Consulting Co., Ltd. became agents, actively encouraging customers to engage in gold trading through the company's online trading platform in Hong Kong and providing their private bank accounts to collect transfer deposits. * * * Recruited more than 60 investors and collected deposits of 1 1 over ten thousand yuan. By the time the incident happened, most investors had lost more than half.

(5) setting up "underground money houses" privately to engage in foreign exchange transactions.

Some overseas institutions or individuals are very familiar with China's foreign exchange management. They take advantage of the restrictions on the use of foreign exchange in the operation of some domestic enterprises and the psychology that some people need to use foreign exchange for illegal activities such as overseas gambling, and set up institutions in China to specialize in illegal foreign exchange trading activities. For example, the suspects Luo Mou, Mo Mou and Li Mou are all employees of private enterprises in Singapore. Since 2003, Wu Mou, the person in charge of the company, has been instructed to rent houses in Shanghai, Jiangsu and other places as the business premises of Yuhuan Company to engage in illegal activities of underground banks. Provide foreign exchange transaction settlement for units and individuals who gamble, launder money and evade overseas trade supervision. Receiving and paying RMB funds in China, receiving and paying corresponding foreign exchange funds abroad, and engaging in RMB trading business such as foreign exchange between Singapore and China. By April 2006, the total amount of funds involving 8 units in 23 provinces and 55 1 individual reached more than 5.3 billion yuan, which seriously disrupted the normal financial order in China. Nine cases involved a total amount of more than 20 billion yuan, the highest case was nearly 654.38+0 billion yuan, and the lowest was tens of millions of yuan. The amount of crimes is much higher than other economic crimes, and the number of people accepting cases is more than 6,000, and there are many enterprises, and the victims are mostly working-class, most of them lack relevant investment and financial management knowledge, and they trust these so-called "agents" and "brokers" too much. Judging from the investigation conducted by the investigation authorities after the incident, most investors lost all their money, some lost money, and almost no profit. Nine * * * cases involved more than 6,000 investors, some of whom were enterprises. Many victims or injured units didn't know they were cheated until after the crime. While urging the judicial organs to punish criminals, they took various forms to recover the lost property. However, most of these criminals made high-end consumption such as buying cars and houses after illegally collecting money, and some even transferred their property overseas, so some cases failed to recover the stolen money, and it was difficult for the judicial organs to make up for the huge losses after making great efforts to recover some of the stolen money.