Gold futures country illegally in the first case detected

Recently, a wide range of the amount, the number of major cases of illegal gold futures trading in Hangzhou were detected.  It is reported that this is the country's largest illegal gold futures, gold futures involved in the illegal turnover of up to 60,000,000,000 yuan.  Zhang Yong of the main suspects have been arrested in accordance with the law.

 Crime

 Since December 2006, more than one after another to the Hangzhou City Public Security Bureau to reflect on at 168 River Road, International Trade Building, Room 811 of the Zhejiang Golden Century Products Co., Ltd. since June 2005 from private network trading platform, To attract customers all over the on-line gold trading, resulting in a number of customer losses, and even some losses.

 Masses, the city public security sub-conscious of such a network of gold futures trading model is a new modus operandi.  To investigate the company's real insider.  City's Public Security Bureau in January 12, 2007 report from the admissibility of the masses, collect information on aggregate after Jan. 31 to Zhengjian Ju, Zhejiang, People's Bank of China branch in Hangzhou, and other regulatory authorities, asking authorities to be identified.

 April 15, 2007 "Futures Exchange Management Regulations," the official, Zhejiang Zheng Jianju of the company's business model, re-investigation, in August 2007 below, that the company's online e-Gold transactions are illegal pattern of conduct futures trading .  City's Public Security Bureau on November 30, 2007 in Zhejiang Golden Century Products Co., Ltd. was suspected of illegal file for investigation and prosecution.

 It is reported that the case for the Hangzhou area involved in the first case of illegal gold futures, which will involve financial futures, network and other fields, the number of customer personnel, Wei Wen arduous task; electronic transaction data with a high degree of easily destroyed.  City's Public Security Bureau attached great importance to the establishment of the "golden century 11.30" task force.

 After an investigation, the company on April 20, 2005 in the province registered with the Trade and Industry Bureau to set up a registered capital of 10,000,000 yuan (found by the investigation, the registered capital of 10,000,000 there are still cases of capital flight), operating mainly in physical gold Sales main office is located in the very beginning of River Road 168, International Trade Building, Room 811, City Public Foreign Exchange Security Bureau was informed on the operation of its pay close attention to the behavior, then change the place of business in July 2007 moved to Zhejiang Jewelry to the second floor of the building.

 According to the survey, the company recruited staff in various parts of as many as 246.  To open bank accounts and more than 20 months for customers to absorb and transfer of funds.  Task force, through sustained efforts, early in June 2008, in Shanghai and other places with the police from Shanghai to freeze the success of the funds involved more than 1900 million.