More Than 100 Landless Farmers Subscribe To Live Forest In Ningxia. They Were Deceived By Their Boss. 18 Million

Funding shortage forest companies seek help from Guarantee Corporation

In August 2005, a forest limited company in Helan County of Ningxia province was short of funds, so the head of the company contacted a credit Company limited by guarantee, which claims to have strong investment strength, hoping to resolve the temporary crisis.

One day, the head of the forest company met with the owner of the investment company, Wang Li (a pseudonym), to discuss business.

Wang Li is a middle-aged woman who is good at speaking. She has a good appearance and won the trust of the head of the forest company after several rounds.

In August 22nd of that year, the two sides signed the investment cooperation agreement, which stipulates that the credit Company limited by guarantee should provide RMB 8 million yuan to the timber company limited for the initial start-up capital of the company's production and operation and forest right trading. The forest company will take the 5000 mu of timber rights and the right of operation of the company as collateral in the territory of Shizuishan, and authorize Wang Li to set up an organization in Yinchuan and organize a marketing team, and it will wholly authorize the pfer and trading business of the forest tree rights of more than 1.6 mu of fast-growing poplar, and pay the Commission commission to Wang Li according to the 30% of the pferred paction amount.

High interest bait female boss set money trap

Wang Li estimated that the Commission was quite high, so he decided to make profits by absorbing public deposits.

After obtaining the agency rights of the living forest, she immediately began recruiting, while recruiting a large number of salesmen to advertise for clients who subscribe to the right to operate the forest.

Wang Li sent out leaflets for the subscription of live forest in the surrounding towns of Yinchuan, and also filmed publicity films on the spot.

During the publicity, Wang Li made a marked price on subscription fees according to the status of different tree species and growth rings. The price of live forest per mu ranged from 4500 yuan to 7700 yuan, and said that when the subscription period expired, the tree purchased would be repurchased by its company, and the interest paid by the operator has been increased by the length of the subscription time and the interest rate was as high as 17%.

The money went to the agency.

The release of propaganda information on high interest rates immediately attracted the attention of a large number of landless farmers.

Since May 2006, more than 100 landless farmers have signed a contract for the right of forest tree purchase with Wang Li, paying a total subscription of more than 1800 yuan.

In the first year of signing the contract, Wang Li paid interest to the subscribers according to the agreement, so that many subscribers tasted the sweetness and settled at home to wait for their fortune.

According to the contract of subscription, interest is one year.

But one year later, the subscribers did not receive interest.

So we looked for Wang Li's theory, and Wang Li perfunctory for various reasons.

In fact, she has pferred the subscription funds to him.

In December 16, 2009, several subscribers went to Wang Li, a company located in Xingqing District of Yinchuan, to collect debts. They found that the company was empty, and they immediately reported the case, and the police launched an online pursuit.

In February 15th of this year, Wang Li was arrested by the police.

After interrogation, she truthfully explained the crime of illegally absorbing public deposits.

In March 25th of this year, Wang Li was arrested by the procuratorate of Xingqing District of Yinchuan.

(Shen Dongzhang Zhong min)