Compared to the other constantly updated case files, this one was relatively thin.
Liu Laibin, a Nanjiang local.
He was 42 years old at the time of his death and owned a company called Dadao Gold, which primarily dealt in spot gold trading.
This so-called spot gold trading of his, viewed from a modern perspective, was actually a gray market operation.
His scam involved using telemarketing to invite customers to open accounts on his proprietary platform. He claimed they could engage in T+0 gold futures trading, allowing them to buy, sell, and profit at any moment.
But in reality, this so-called trading platform was one they had built themselves.
Or, more accurately, it was built by their supplier.
The internal trading data could be faked. You would invest your money and might see it continuously grow in value at first, but when you actually made a profit and wanted to cash out, all sorts of restrictions would suddenly appear.
