SPIRITED STALLION GLOBAL LIMITED

The platform used the website of Zhongzheng Finance, https://www.zczcjj.com/, to induce clients to open an Hong Kong account without asking them to sign their names. The funding channel of the platform hasn’t been linked with the HK market, thus, all fund are flowed into private accounts. The platform cashed the fund through money-laundering. It added virtual money into clients’ accounts and induced them to buy Hong Kong shares named Jishi Fiance(No.08112) through livestreaming room. By manipulating the price with listed company and faking a plummeted market, they made clients suffer all losses and disappeared.