Why is it said to be a fraud? Because of the rules of the world, if a B does private equity and does not go online, it must be a fraud. But if it goes online and has a higher price than private equity, it can be worthy of early investors. No matter how it fell after the second level, if it fell more than 10 times, Leek would admit its losses. At least it had risen before, and it had given it a chance to make money. However, HTW has not been launched yet, and the private placement has not been refunded.

Later I learned that a Ningbo boss was sued civilly because Cai Shu had not repaid a loan of about 4 million. There are even civil lawsuits against a group of Zhejiang bosses over various loan agreements and investment agreements exceeding 1,000,000 yuan. But at the end of 20 years, Cai Shu was unable to repay the debt and eventually lost contact.

If he had gone long with 20 million at that time, he would be worth at least one billion today, but the current outcome is that he will most likely be using a sewing machine in the game, which is embarrassing.