What happened to Ping An Insurance recently?

Emergency letter for help from thousands of refugees in the capital

Since 2013, more than 200 employees of Ping An Company have promoted financial management to old customers in the capital, promising that financial managers will not bear any risks. For a period of one year, The interest rate is 10%, principal and interest are guaranteed, all risks of construction projects are guaranteed, and financial management funds are supervised and controlled. Ping An Insurance holds thank you meetings, lectures, invites to banquets, plays videos, distributes documents, hangs banners, and claims to only take care of old customers, which is a once-in-a-millennium good financial management. It is required to subscribe, sign and transfer money on the spot, and go through the formalities and sign the contract afterwards. The first two years were fine and there were no problems. Then in June 2015, we learned of the redemption crisis. In total, thousands of people were defrauded, amounting to more than one billion yuan. Most of the financial managers are elderly people in their 60s and 70s. They are frail and sick. The money is life-saving money, and in the end they lose everything.

It was only afterward that everyone learned that Ping An had colluded with Shenzhen Jinsaiyin Company to plan a financial scam for three years. Contracts, guarantees, supervision, insurance, government endorsements, all procedures are complete. Make up facts and conceal the truth. Ping An is the initiator, party and manager of financial management sales. We only have financial dealings with Ping An and have never met anyone from Jin Saiyin.

Ping An violates the principle of good faith and seriously disrupts social order. The old man’s money is all hard-earned money from scrimping on food and clothing. We are not greedy. We originally wanted to use our money to contribute to national construction while it was safe, but we didn't expect it would end like this.

Ping An verbally admitted responsibility, but made excuses to wait for judicial review before repaying the money. Now ordinary people have gone to the Beijing Economic Investigation Bureau to report the case, but four months have passed and there is no news. The most pitiful thing is that there are several elderly people who are terminally ill. If the delay continues, they may not be able to wait for the day when the money comes back.

Please ask the government to investigate the facts and return the people’s hard-earned money as soon as possible.