Mass Protests Erupt in Shandong! China-Backed Insurance Group Defrauds 100,000, Totaling $4 Billion
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- Опубликовано: 3 апр 2025
- The woman crying in the video is an investor in Shandong Fanhua Insurance. Since last year, a product called the "Employee Stock Ownership Plan" offered by the company has failed to deliver returns. Investors ended up losing all their money. It’s said that nearly 9 billion yuan was involved-that’s about 1.24 billion US dollars.
In late March, crowds of anxious investors gathered outside the Fanhua Insurance office in Shandong. Some cried and shouted, others held up signs. They said their hard-earned savings had been swallowed up. Many were so overwhelmed they broke down emotionally. Some were even hospitalized.
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As in so many similar cases, some of the local or national political leaders are involved also. Thanks for your report.
Definitely. Scam people out of a bunch of money, give the government their cut, then escape the country scot-free. We’ve seen this story countless times before.
So where are the DKshundi-jonychin stumpy sharpa-akagi Frost '7277' R-DSAI powered Xhynian clones🤖🐕🦺? they seem to be busy bot-i-ahhing Zhang for now🍯🍯🦜🦜🤖🐷
Wow, so amazing! That's a lil bit too much for me xhyna! 🍯🐷
Nothing happens without the blessings or the orders of Xi
Corruption, Corruption, Corruption, and more Corruption.
Absolute Power Corrupts Absolutely! Famous last words
!
You think the Chinese Government was Involved in a Scam?! No way! 😂
WAY !!!!
At least there's Canadian 86Laowhy over in Shenzhen trying to prove a certain China vlogger never worked at a hospital 10+ years ago.
Love that sarcasm. 😊
LOL!!
@@andrewczski1969why hello there you Xhynian R-DSAI Deepseeker DK/Shundi clone🍯🦜🦜. Your comment history and the fake Laowhy channel is not helping you🍯🤖🐷
We as citizens need to stand up to these phony and self serving politicians.
Bruce Lee once said, "Money in your pockets is your money; otherwise, it is not. "
Communist madness
Darwin statement. I live in noncommunist country and we have tons of scams from forex, gold, nickel, business, threat, and all kinds of love scams on daily basis. There are industrial scammers from Thailand, Myanmar, China (HK and Taiwan), Sri Lanka, UK, and the love scammers factory NIGERIA! They are global including in your country.
This is by design. The CCP wants the people to distrust each other, or even businesses. This makes it difficult for opposition groups to organize.
The CCP owns all businesses, property, and money. The "invested" money went right to the CCP the day it was invested. This is how the CCP funds itself and keeps non-ccp members poor. Every economic bubble is created to fund the ccp. When it collapses, the non-ccp members take all the losses.
The people don't distrust one another, they distrust their government & phony businesses.
not your money, OUR money.
a classic response. imo that never gets old. others may say it does but not me
China is a dictatorship. They own all the property and money. No one has any rights at all. Non-ccp members don't really count as people. This "invested" money went right to the CCP. The money was gone the day they handed it over. They were never going to get anything back. If you keep cash at home, the CCP will figure it out and raid you. Once you give up your rights to a dictator, you own nothing and have nothing.
US citizens will be in this same place in another year or two due to their new dictator.
I scam you, you scam me. I wonder if they’ll catch me while I flee.
Oh dear! The leeks have been harvested yet again.
In the old days they used to tar and feather and ride them out of town on a rail
😂 insurance agencies are the devil all over the world!
Politicians seem to be corrupt everywhere
I am very sorry to see the suffering of these investors. Traumatic.
When the infrastructer is corrupt whether private or public entities, there is no accountability because everyone is playing the game. You would think by now that keeping your money under the mattress is the safest bet. You may not be earning interest but you surely won't be losing it all. (so to speak).
They take the Matresses...
@@lander1591 Maybe, but it's still better than handing over your money in trust and then not getting it back, ....with interest.
But ping hasn’t told you about your supper it’s been stolen by ccp!!!!
Oh bother!🐻🍯
Greedy people and when it seems to good to be true it always is!
And the saying "Don't put all your eggs in 1 basket" is true also.
Pretend to check their own gangs - same same but different la ok 😂😂😂😂😂😂
That’s ENRON level fraud, those poor people!
Here in Brazil, in my city and the surrounding cities, 3 branches of a bank closed. Banks closing branches? The crisis and CRASH are right there in front of us.
Rich got rich by doing this ronworking hard class ppl
This is what happens when you do not have morals in your government.
The company name is "FanHua", how could they not see it coming?
“Illegal fundraising”.
LOL!!!! 😆😆😆😂😂😂😭😭😭
China should have just turned that insurance company into a government paid public insurance since that insurance company is still a state owned company to stop loses since its a government owned insurance whether it loses money or not it will not go under since the government has unli money.
She seems sad. But why is she sad? Her country is a Souper power
Ramen…
Stand together all of us world wide
Communism working as intended.
Except dictatorships and oligarchies are not communist. They are the opposite. Communism requires benefiting everyone. It boggles my mind that anyone can confuse a dictatorship class stealing all the money for itself with the idea of communism. Venezuela is another example of a dictator falsely claiming to be something it is not. When the government taxes and does nothing for anyone outside a class of elites, its not communism/socialism/democracy even if the dictator claims it is.
Yup their not getting their money back. 😢
Invest in USA
Once here they will do the same things they do there.
@@blacksand6368 pee in public?
To those who are responsible: Remember Karma and Retribution.
I concur, Karma is unforgiving.
$1.2B? That is some serious amount of money omg
DOGE : 4 billion? pffft.. amateurs...!
We scammed over 4.7 trillions ofcuz their number is an amateur lol😂
Best episode!
A Ponxi scheme?
Go on, get out…😂
That sucks don’t invest money you can’t afford to lose.
I’m mad as hell!!! They lied to me
I cannot find a single news source covering this anywhere in the world. Cite your sources.
Think quick, Rug Pull!😂
Somebody needs an "A$# WHOOPIN'"
The people in the video were not kneeling. They were squatting.
"stability maintenance tactics"..? Well isn't that orwellian... 😅
That’s what happens when you all of your eggs in one basket these people aren’t investors they’re gamblers and this is what happens
If they put their money in a bank then they can't get it back. If they invest in land the local govt can resell the land and give them nothing. China also blocks every avenue that they can to dis-allow people to invest outside of China. And if they try to keep cash then it can be seized/stolen. Thank god I was born someplace other than China.
Yeah 😂😂😂😂😂 terrible price pay
Thats crazy
Poor lady , there is no protection for the people in China , I am a staunch anti communist , but I have great sympathy for all of the mothers and fathers with little children in China 🇨🇳. If these people are here in the states , that would be a problem
No China women 🇨🇳🇨🇳🇨🇳🇨🇳
Some of those billions of Chinese dollars went a long way toward br*bing government officials. My parents lost most of their savings years ago in a real estate investment company that offered a 14% average return. After the company went bankrupt they never got a penny back.
I bet president xi would not do anything
Where can they put their money? Banks, real estate, and investment plans all end up in flames. How much corruption can any country take.
He made the most profit from the “accidental loss “…
Will these people not learn no Bank, Insurance Companies or their Stock market can be trusted. Keep your money at home or in your pocket!
As a thief steals it when your not home
Buy real gold that you can hold in your hand & hide it.
Chinese sellers even fake gold though.
@@TamagoHead
I know
I've already said this, but I'm sorry this happened to Chinese people. Tragic. We may see this from other governments if the world economy worsens.
This sounds like a lot of things that are happening here in america
I guess Shandon will not be the happiest place on earth. Where most ordinary people mind their business, bad things are allowed to proliferate unimpeded thinking "it's not my problem"
終角人 騙 終角人...🎉😂
6:53 'trusted them completely' - there's the problem
Vietnam has consistently demonstrated its commitment to peaceful conflict resolution, leveraging diplomacy, international law, and the United Nations to address challenges. With a deep-rooted love for peace, Vietnam continues to prioritize dialogue and cooperation, fostering a more harmonious and stable world.
The incompetence and corruption in this government are becoming increasingly risky and ridiculous. I sympathize with citizens who aren't getting the help they deserve.
I feel the same honestly. I truly sympathize with people with disabilities who aren't receiving the help from anybody. Thank you Anand Sheryl, for seeing my $5,000 investments growing smoothly.
Wow You just mentioned Anand Sheryl' Indeed, that woman has been an incredible mentor to me, imparting a deep understanding of the economy that I wish college had provided.
I agree; there are strategies for achieving solid gains regardless of economic or market conditions. However, these strategies are typically executed by experienced investment experts.
What in the fawk are you talking about…
DAMN THEY GOT RAN THROUGH 😏
Stick to gold forget all this investing nonsense. Notice how they waited until accounts were full before they took it.
Gold isn't even safe there. They have scammers in that as well. Gold plating tungsten, not as high carrot as claimed, even ponzi schemes from places selling it. People would get their first order when small, then order even more. The seller would collect a bunch of orders toward end, then take off with the money. Nothing is safe there in the land of the scam.
The Insurance industry requires almost no capital to start a business. They sell '' Intangible Products '' just a piece of paper with a promise to play in the event of a loss. They rent an office, a telephone, a computer, a printer, ink. That is how easy it is to get into the insurance business. Anyone to invest in Insurance is foolish and sadly stupid.
Tsekwa!
JESUS COME SOON 😢
Jesus will never come to China because they reject the teachings of God and the Bible.😢
Your magic doesn't work here.
@@benjamindavidson4680 It's not magic. Christ is coming soon for his Bride (Church).
the CCP doesn't believe in Jesus, so it won't work there they are already lost
@@thomaschung9447 you can claim that but you Christians expect the world to bow to your own book of rape, incest and murder by simply saying that the invisible sky man said do so or be burned for eternity after death.
Eating instant noodles now
Very sad
no point to argue , work harder next time
Take that china
Kita memang harus belajar sampai ke China tetapi semoga bukan mengenai hal-hal seperti ini.
Dont accept your right take from the rich there more of you take over
Hey u guys report about china thank very w
彼らはとても優秀です
Did they only invest in this one thing like is that all their money they just went down let's just risk it all on this one institution which sounds very nonspecific and its method for getting returns like I just I don't get how these people are surprised
Who wants to invest in China? You can easily open a deposit only account anywhere in the country. 😂
blame xi jinpin on everything!!
🐿🐿🐑🐏Who wins? I would not bet on anything anymore but I think the nut hiders win every time.
Research but really don't invest
Chinese version of Bernie Madoff.
DIDN'T KNOW THERE WERE "CHINESE JEWS"??!!!!!!!!!🐛
Do your own research and educate yourself bf invest.😊
These people understand NOTHING about what so-called "investment". They confused it with saving account where no money lost, just gain. Even so, savings would still not a 100% secure anyway.
these people were deceived. Govt endorsed the investments as a sign of security.
Let me guess… you are the bosses cousin ??
Not true. The investors were duped by a company that claimed government approval.
🥵
The downside of capitalism.
You misspelled “communism”.
Communism** but go off.
??? Capitalism is the legal exchange of goods and services. This is the opposite. This very much looks like the perpetrator had the support of the local government and capitalism is about private citizens doing the exchange socialism is when the government gets involved and so this is a lot more about socialism than capitalism.
Hey, now. America is winning. America is great again, just look at our stock market.
@@segarnyagold1014 That means America is not capitalism. The government is also involved in our business transactions.
Ha! Ha! Ha! Ha! 😂😂😂😂
Mon idée du sexto consiste désormais à envoyer à mon partenaire une capture d'écran de notre calendrier commun avec les mots "Date Night ? Romance, style moderne✨
Nice. ANOTHER agent of the Chinese government.
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My attempt at a romantic dinner ended with us ordering takeout because I set off the smoke alarm trying to impress with my culinary skills. Next time, candlelit takeout it is😘
Nice. Do you work for the Chinese government?
// *RUclips Moderators* - The comment (posted by a bot) to which this replies is a fake comment from an account newly created to advertise webcam prostitutes. The girly avatar is there to attract the curious to the RUclips homepage, which exists solely to direct the viewer to another RUclips homepage, and that second homepage in turn exists solely to show a link to an external website for webcam prostitutes.
@@dennissvitak5475-
Must be...!
@@dennissvitak5475-
No, for BOT.