Deception Exposure: Known As Financing, Actually Cheating.

"Shihualong", "Chinese elite", "Chinese business association" and "Chinese Federation of industry and commerce".

Behind the names of the sounding companies and consortia are a series of sinister scams.

In May 24th this year, CCTV exposed the 3 enterprises suspected of contractual fraud in Shenzhen, and the city commerce and Industry Bureau launched a special action to crack down on contract fraud.

During the operation, 41 illegal enterprises such as Shenzhen Yuejia Investment Development Co., Ltd., Shenzhen COSCO import and Export Co., Ltd. and Shenzhen Association of Cci Capital Ltd, which were suspected of contractual fraud and fleeing registered capital, surfaced. Reporters learned from the Municipal Bureau of industry and Commerce yesterday that in addition to Swindlers Company, which had been revoked their business licenses, the more serious "cheating" enterprises had been pferred to the public security department for further investigation.

In an investigation by the industry and commerce department under the guise of financing, the industry and Commerce Department found that criminals often search for mainland enterprises' investment projects through various channels under the banner of the international consortium's general agent in the mainland of China.

Such as "Shenzhen Shi Hua Shang Industrial Development Co., Ltd.", "Shenzhen Shi Hua Shang Cci Capital Ltd" and "Shenzhen City Huasheng Industrial Development Co., Ltd." and so on, under the banner of "the US Moore company" and "the general agent of the Yellow Emperor's promotion society in the mainland", which are named "Chinese elite", "World Chinese businessman", "Chinese business and Industry Promotion Association" and "Chinese Federation of industry and commerce".

They collect investment projects of enterprises through various channels. After grasping the basic conditions of some enterprises, they begin to actively implement deception.

A victimized enterprise in Dehui, Jilin, said that in April 2002, after receiving the invitation letter from the "World Chinese business promotion association", the municipal Party secretary personally led the team to Shenzhen to discuss financing matters. The reception was discussed by the Secretary General of the so-called "Shenzhen China business integration Limited" and the "World Chinese business promotion association".

When the company paid a 100 thousand yuan inspection fee and assessment fee, the above companies and related people disappeared.

It is not just the tricks of the Swindlers Company that they use the "overseas relations" to defraud the security deposit. They also claim that they have large contract orders and advertise in the media to induce the production enterprises to sign contracts for purchase and sale.

For example, "Shenzhen Yujia Investment Development Co., Ltd.", "Shenzhen Fengyu Technology Development Co., Ltd." and "Shenzhen port overflow Key Technology Co., Ltd." advertised in the "China business newspaper" and other media, claiming that they signed a contract for the purchase and sale of goods with a foreign company, with tight time and large volume of goods.

Some enterprises in the mainland will contact them immediately after they get the information.

Swindlers Company is using the psychology of the other party in urgent need of selling products, requiring payment of a certain performance bond. Some enterprises have not yet grasped the true situation of the other party, and hastily pferred the performance bond into the Swindlers Company account.

After getting the security deposit, Swindlers Company began to take delaying tactics, and finally lied about the change of overseas partners, or the victim themselves, or simply walked away.

The Shenzhen enterprises that have the right to import and export have joined the ranks of fraudsters.

They claim to be able to help enterprises enter the international market, but they must have health permits and inspection and quarantine certificates in the import and export places, thus swindling the so-called license fees.

For example, "Yu Guang Sheng Industrial Co. Ltd. of Shenzhen" and "Shenzhen Yuke economic and Trade Co., Ltd." use some enterprises eager to export their products to Russia, and sign contracts with very favorable prices as bait.

After signing the contract, the above-mentioned enterprises immediately pointed out that the products were to be exported to Russia, and they had to get the GOST certification of Russia, thereby cheating the certification fees of the enterprises.