Explosive Scandal! The Golden Key Group Loses 1.3 Billion, Chairman Flees to the UK!

The Guangdong Golden Key Group has completely collapsed, with the amount involved reaching 1.34 billion yuan. Chairman Lin Chunhao published a 'farewell letter' in mid-April, revealing that he has fled to the UK and claiming that the funds 'have all graduated,' leaving countless investors in despair.

Virtual Currency Investment Suffered a Loss of Nearly 70 Million!

The group had attracted a large number of investors through financial seminars and high-yield temptations, promising annual returns of 6%-9%. The funds were actually funneled into P2P lending, stock trading, and virtual currency transactions, with the virtual currency alone suffering a loss of nearly 69 million yuan. The Shenzhen police have launched an investigation.

Scams Exposed: Courses as Cover, Relatives Also Became Salespeople

Many people were scammed into the scheme through introductions from relatives or friends. Initially investing over 100,000 yuan, they were later persuaded by salespeople to add tens of thousands more. Some investors had just increased their investments for two months when the company collapsed, and even the salespeople disappeared.

Six Major Losses, A Disastrous End

In his letter, Lin Chunhao detailed six major failed investments:

Private lending bad debts of 74.95 million yuan

P2P platform withdrawal losses of 16.04 million yuan

Mobile payment expansion failure with a loss of 69.7 million yuan

Stock market crash losses of 36.2 million yuan

Acquisition of a real estate company with unredeemable bills

Virtual currency trading team losses of 68.98 million yuan

Additionally, there was a 19 million yuan loss in movie investments. He admitted that he had been using personal assets to cover the gaps to keep the company afloat, but ultimately ran out of funds and had to flee.

Conclusion: Investors are left with nothing, with some investing six-figure sums only to receive a 'letter of apology' in return. In this capital scam, it ultimately comes down to who can run away the fastest to survive.