Accurately acquire customers → Packaging and brainwashing → High-interest financing → Centralized loan assistance → Cash out and commission
Uncovering the cover of "debt restructuring" and "credit laundering"
Information technology service companies target groups that are in deep debt crisis and have damaged credit. They use "debt restructuring" and "credit laundering" as bait, and disguise themselves as "professional services" to make illegal high-interest loans, defraud bank loans, and use POS machines to cash out and make profits. In the past five years, they have illegally made millions of yuan.
The division of labor within the company is clear, and the business routines are interlocking - the first step is to screen out groups with high debt, poor credit, and those who are in urgent need of money; the second step is to package high-interest capital advances and fraudulent loan cash out into "debt restructuring" services to lure customers into taking the bait; the third step is to issue high-interest "bridge loans" to customers funds, "washing" the customer's credit report; the fourth step is to guide the customer to submit applications to multiple banks to obtain bank loans; the fifth step is to fabricate transactions, use POS machines to withdraw funds, and after deducting high loan service fees, card swiping fees and capital advance interest, the remaining funds are transferred to the customer.
The gang illegally cashed out more than 20 million yuan and illegally lent nearly 26 million yuan, causing direct economic losses of more than 700,000 yuan to the bank and causing more than 40 people to fall into a high-interest trap.
Under the guise of "debt restructuring" and "credit laundering", targeting groups in deep debt crisis and with damaged credit, an information technology service company (hereinafter referred to as the "service company"), disguised as a "professional service", illegally extended loans at high interest rates, defrauded bank loans, and used POS machines to cash out and make profits.
There was no way to raise money, so someone sent a "life-saving straw"
Zhou, who lives in Shanghai (handled in a separate case), owed more than 700,000 yuan in bank loans one after another, and his personal credit was affected after many overdue loans. As a result, Zhou was not only unable to apply for a new loan, but also had to face collection pressure from the bank. When he had no way to raise money, a marketing call brought him a "life-saving straw" - Feng claimed to be a loan consultant from a service company who could help him with "debt restructuring."
To ordinary people, "debt restructuring" sounds professional and reliable. Feng introduced the process to Zhou in detail: First, the company would pay for him to pay off all overdue debts and "restore" his broken credit score, and then help him apply for low-interest and large loans from multiple banks through "cooperation channels." After integration, the monthly payment would be lower and the repayment period would be longer. Such good services can be enjoyed by paying only one service fee. Although he knew that he would no longer have any extra savings to repay the loan, Zhou, who was desperate, followed Feng's instructions and came to the office of the service company and signed a service agreement with the other party.
According to the process, the service company first issued an "advance loan" of 800,000 yuan to Zhou to help him pay off his old loan. The interest on this money was calculated on a daily basis, with a monthly interest rate of nearly 10%. After the credit report was "cleaned", Feng took Zhou to eight banks within three days, teaching him to conceal the fact of high debts, fabricate loan purposes, and use the update time lag of the credit report system to submit loan applications together. Zhou was thus approved for a bank loan of more than 1.7 million yuan.
After the loan arrived, Feng directly used the POS machine to swipe his card to deduct 15% of the service fee, card handling fee, advanced repayment principal and high interest. There was not much money left in Zhou's hands.
Because the total loan amount far exceeded Zhou's actual repayment ability, he became overdue again a few months later. The "debt restructuring" not only failed to solve the debt problem, but instead put a heavier burden on Zhou, ultimately causing losses of more than 700,000 yuan to many banks.
On August 15, 2025, the public security organs discovered clues to the case during routine investigations and immediately opened the case for investigation. On August 21 of the same year, the public security organs arrested Luo, the actual controller of the service company, and Luo’s wife Mao and many core team members arrived at the same time.
Linked to each other, making money in a “one-stop” way
As the investigation work gradually deepened, the complete organizational structure and operating routine of the service company were completely revealed. This seemingly formal service company is actually a financial gang with a clear division of labor and a complete chain.
Due to the complexity of the case, the Shanghai Minhang District Procuratorate intervened in advance and guided the public security organs to comprehensively obtain bank transaction details of the companies and individuals involved in the case, sort out and compare the flow of funds, and collect and verify objective evidence materials such as loan application materials and fixed chat records.
After investigation, Luo was in charge of the overall situation and was responsible for customer acquisition, personnel recruitment and overall business decision-making; Mao, as a manager, was responsible for handling daily affairs; the service company recruited Lu, Ling, Feng and other people to form multiple business teams, responsible for telephone traffic, customer negotiation, loan operations, fund settlement and other links. Personnel in each link performed their duties and streamlined operations.
The business routines are interlocking - the first step is to accurately acquire customers, and use short video platform to attract traffic, telemarketing and other methods to screen out groups with high debt, poor credit and urgent need for money, and use "low-interest large loans" and "credit repair" as bait to accurately reach them; the second step is to include Pretending to be brainwashed, they package illegal activities such as high-interest advances and fraudulent loan cash out into "debt restructuring" services, use "internal bank cooperation" and "100% payment" to dispel customer concerns, and sign service agreements to lock in customers; the third step is high-interest advances to serve the company or employees Raise funds in your own name and issue "bridging" funds to customers at an annual interest rate of 48% to 115% to "clean up" the customer's credit; the fourth step is to focus on loan assistance, help customers submit loan applications to multiple banks, and guide customers to obtain bank loans; fifth In the first step, the commission is cashed out. Through the control of 9 POS machines with no real transaction background, fee loan funds are evacuated through fictitious decoration and building materials transactions. After deducting 15% of the loan service fee, card swiping fee and capital advance interest, the remaining funds are transferred to the customer.
Relying on the "one-stop" routine, the gang illegally made millions of dollars in profits from 2020 to 2025, causing more than 40 people to fall into a high-interest trap.
Peel off the cocoon and clarify the boundaries accurately and qualitatively
On January 6 this year, the public security organ transferred the case to the Minhang District Procuratorate for review and prosecution.
After comprehensively sorting out the business model of the company involved, the prosecutor handling the case found that the company involved was not a payment institution established in accordance with the law and did not have the qualifications to engage in fund payment and settlement business. Luo and others used the name of "enhancing credit reporting" and "debt restructuring" to illegally lend at high interest rates, conceal the facts of liabilities to defraud bank loans, and use POS machines to swipe cards to cash out and make profits. After comprehensively considering the substance of the behavior and the legal interests infringed, the court determined that Luo and others were suspected of illegal business crimes.
On this basis, the Minhang District Procuratorate combined the customer attribution and the bank's losses and determined that Luo and Feng objectively used fabricated facts and concealed the truth in the process of helping Zhou obtain a loan, defrauding the trust of banks or other financial institutions, causing heavy losses to relevant financial institutions, and were also suspected of committing the crime of defrauding loans.
In order to accurately determine the amount of the crime, the prosecutor handling the case conducted a detailed review based on the details of fund transactions, and finally determined that the gang illegally cashed out more than 20 million yuan, illegally loaned nearly 26 million yuan, and caused direct economic losses of more than 700,000 yuan to the bank.
On June 25 this year, the Minhang District Procuratorate filed a public prosecution against Luo and others. On September 30, the court combined the circumstances of pleading guilty and accepting punishment, refunding part of the economic losses, and sentenced Luo to five years and eight months in prison and fined 2.65 million yuan for illegal business and loan fraud; Lu, Ling, and Mao were sentenced to two years and nine months to one year and six months in prison for illegal business, and each was fined; Feng was sentenced to two years and three months in prison and fined for illegal business and loan fraud. It is reported that the above judgments have come into effect.
At present, the cases of other persons involved are under further processing.
