Hot Spot (3) | Reasons for Fraud Industry Agglomeration
Release time: 2016-09-06   Author:

Xu Yuyu, a pre-college student in Shandong Province lost consciousness and died after she was cheated of her college tuition; a professor at Tsinghua University was cheated of his earning from selling his house RMB 17.6 million... Such fraud news has become hot spots of recent days and sparked harsh criticism on fraud gangs. News review 1: Xu Yuyu, a girl from Luozhuang, Linyi City, Shandong Province, scored 568 in this year’s college entrance examination and was admitted to Nanjing University of Posts and Telecommunications. However, when she was ready to go to college, her life was completely changed by a fraudulent phone call on August 19, 2016. The fraudster obtained the trust of the naive girl by telling her that they would grant her a student subsidy of RMB 2600, and then defrauded her of RMB 9900 of college tuition that her family had saved up for more than half an year. After realizing she was defrauded, Yu was so painful and regretful that she died of cardiac arrest on her way home after reporting to the police. News review 2: A professor at Tsinghua University received a call from a fraudster posing as an official from public security authorities after he sold his 180-square-meter house in Beijing. The fraudster said that his transaction was suspected of tax evasion. The professor trusted the fraudster and was then defrauded of his earning from selling the house RMB 17.6 million. In 2013, China Newsweek reported that China’s top ten fraud industries earned an illegal profit of more than RMB 300 billion every year. According to the latest data, in 2015, 438 million people in China received fraud messages, and more than 1.6 million people engaged in online fraud, producing an “annual output value” of more than RMB 110 billion. Besides, most fraudsters were supported by powerful fraud groups. “Fraud villages” and “fraud counties” appear in many parts of our country. In view of this, Professor Liu Zhibiao, Dean of Yangtze IDEI, raised some questions, “Why under the same legal sanctions, fraud has become an industry in some areas of China, such as Anxi in Fujian Province? Why are there no such large-scale group acts in other areas?” How should we actively respond to the agglomeration of fraud industries?