Bank of China Insurance Regulatory Commission: Beware of financial fraud in investment and housing for the aged.

Recently, some lawless elements have made false propaganda in the name of investment and housing for the elderly, the essence of which is to illegally absorb social funds, disrupt the financial order and infringe on the legitimate rights and interests of consumers. The Consumer Protection Bureau of the Bank of China Insurance Regulatory Commission 202 1 issued the third risk warning to remind consumers to raise their awareness of risk prevention, stay away from illegal financial activities and protect their own rights and interests.

One method: defrauding the pension in the name of investing in the pension.

Some lawless elements promise high interest rate returns in the name of investment and pension, and provide services such as booking beds and rooms for the elderly, and illegally raise funds from elderly consumers.

Grasp the characteristics of the elderly and design a scam. Criminals often appear in places where the elderly gather, such as parks, supermarkets and communities. Under the banner of investing in old-age care and selling old-age care products, we constantly instill ideas such as financial old-age care and new investment into the elderly.

Use Sean Xiao Huibo's kindness to reduce the vigilance of the elderly. Criminals deliberately gain the trust and goodwill of the elderly by organizing tours, visits, lectures and giving gifts. After the old people lowered their vigilance, they took the opportunity to kidnap and falsely publicize their moral values, with the ultimate goal of defrauding the old people of their money.

Throw out promises of high returns to attract the elderly. In the past, criminals promised high dividends, guaranteed high interest rates, booked pension services, tricked the elderly into investing in so-called pension services, and charged various fees, such as VIP cards, membership fees and advance payments. These institutions cannot provide the promised old-age care services. After obtaining funds, their operation and flow are opaque, and there is a high risk of fund-raising and running away. Some old people's pension funds were defrauded by criminals.

The second method: defrauding the elderly funds in the name of housing for the elderly.

The so-called "housing for the elderly" by criminals is false. Regular housing pension refers to the reverse mortgage pension insurance for the elderly, which is an innovative commercial pension insurance that combines housing mortgage loan with lifelong pension annuity insurance. Old people with complete and legal property rights mortgage their houses to insurance companies, and continue to enjoy the rights of possession, use, income and disposal with the consent of the mortgagee (insurance company), and receive pensions according to the agreed conditions until their death; After the death of the old man, the insurance company has the right to dispose of the mortgaged property, and the proceeds from the disposal will first be used to pay the related expenses of the old-age insurance. At present, this kind of insurance is still in the pilot stage in China, and its scale is relatively small. Its entry threshold is high, the legal relationship is complex, and there are many risk factors, so it has very strict requirements for the business development and sales management of the organization.

The so-called "housing for the elderly" by criminals is extremely risky and has hidden traps. In the name of national policy, criminals cover up the essence of illegal fund-raising, trick the elderly into applying for real estate mortgage loans under the banner of "providing for the elderly with housing" and high returns, and then use the borrowed money to buy the wealth management products recommended by them. This "mortgage-loan-financial management" model has many operational processes, chaotic participants and high investment risk, which does not meet the risk tolerance of most elderly people. The so-called "wealth management products" are probably fake, and the borrowed money eventually goes into the pockets of illegal institutions.

In the name of "providing for the elderly with housing", the elderly are tricked into mortgaging real estate and defrauding funds. The "housing for the elderly" claimed by criminals has nothing to do with the national pilot housing reverse mortgage pension insurance, but is just a means to promote illegal fund-raising activities under the guise of national policies. In fact, there is no corresponding qualification and ability at all, and it is often a Ponzi scheme of "replacing the old with the new". Some participants didn't even know that their property was mortgaged, and eventually they lost their house and were still burdened with loans.

The above behavior infringes on the legitimate rights and interests of consumers and has a bad influence. The Consumer Protection Bureau of the Bank of China Insurance Regulatory Commission hereby reminds consumers to keep in mind and pay attention to the following two things.

First, remember that investment is risky and it is not advisable to gamble. Consumers should establish the concept of rational investment and financial management, do not easily believe the so-called "no loss" and "no risk, high income" propaganda, and do not invest in projects with unclear business and unknown risks. If the promised rate of return of wealth management products exceeds 6%, it will be questioned. More than 8% is dangerous. If it exceeds 65,438+00%, it will be prepared to lose all the principal. "Guaranteed capital and high income" is financial fraud. Remember that investment is risky, and don't be tempted to invest impulsively by high returns.

Second, remember to choose a formal institution. Purchasing financial investment products should combine their own risk tolerance and choose formal institutions and channels. It is suggested that consumers, especially the elderly, consult professionals in formal financial institutions and discuss with their families before purchasing investment and wealth management products, and make necessary judgments and understanding on the authenticity and legality of investment activities, so as to prevent fraudulent acts by lawless elements and guard against the crazy marketing behavior of informal institutions.

The third is to pay attention to beware of fund-raising fraud routines. Fund-raising fraud has the characteristics of "all-in-one" and "Ponzi scheme", which is often based on borrowing the new and returning the old. It lacks actual business support and profit sources, and there are no projects that match its promised return, which is prone to risks such as running away from the money and breaking the capital chain. Don't be confused by the rhetoric of "guaranteed capital with high interest rate" and "guaranteed capital with guaranteed income".

Fourth, pay attention to protecting personal information. Enhance personal information security awareness in daily life, be cautious about the contract signing process, and don't sign blank contracts. Do not provide important information such as ID card, bank card number, password and verification code at will to prevent fraudulent use, abuse or illegal use. If you find any suspected illegal financial activities, you can report the case to the public security organ or report the situation to the relevant financial supervision department in time.