[Epoch Times September 25, 2021](Epoch Times reporter Liu Yi comprehensive report) On September 24, the mainland private equity fund manager Ye Fei was arrested. He once exposed that the stock market was shady and caused huge public shock. This time he was arrested. Also aroused concern.
On the afternoon of September 24, the Chinese Communist Party Securities Regulatory Commission stated that at present, relevant personnel were arrested in three market manipulation cases suspected of manipulating the stock prices of “Nanling Civil Explosion”, “Jinchuang Group”, and “Haozhi Electromechanical”. Among them, Ye Mou actively provided relevant assistance and suggestions when he knew that Liu Mouye and others manipulated the stock price of the “Nanling Civil Bomb”, so as to create conditions for market manipulation and seek illegal benefits.
China’s state-run Xinhua News Agency’s “China Securities Journal” and many other mainland media have stated that “Ye” was the one who exposed on Weibo this year that a listed company and the company had conspired to manage market value and “reliant on accounts”. fly.
The Mainland City Circle News stated on September 25 that Ye Fei’s mobile phone was turned off for multiple calls. The update status of his circle of friends stayed on September 21. And Ye Fei’s arrest has long been clues. Prior to this, Ye Fei’s account on social platforms had been blocked successively.
A private equity source said: “The moment Ye Fei revealed the material, everyone in the industry knew that he would go in in the end.”
Earlier, Ye Fei said, “I’m just a pimping intermediary, I didn’t manipulate stock prices, nor did I participate in insider trading. I didn’t get any money as an intermediary. I’m a witness, not a criminal suspect.”
According to reports, Ye Fei is extremely controversial in the industry and is considered a representative of the grassroots. His investment style prefers short-term operations. He entered the stock market in 1994, earned his first pot of gold in 1998, and entered private equity investment in 2003. In 2005, he won the first place in the China Stock Market Civil Expert Competition, and his wealth skyrocketed to more than 10 million yuan.
However, Ye Fei lost a lot of money to the clients because he helped the clients to trade stocks, and eventually owed a debt of up to three or four billion yuan.
After paying back tens of millions, Ye Fei ran out of money and was listed as a dishonest person. Ye Fei, who owed huge debts, did what he did to make money in the following years. He was a private equity fund manager, taught people to trade stocks, and became a “middleman.”
On May 9 this year, Ye Fei posted on Weibo that the A-share listed company Zhongyuan Home Furnishing found the bidder in the name of market value management, and he acted as an intermediary to match the order, but afterwards the cooperating bidder relied on the account and did not pay the balance, which caused him to be urged by his next home. Several million balance payments are required.
However, he did not receive the expenses from the previous family, and Ye Fei asked Zhongyuan Household to comfort him, otherwise he would report it under his real name. Ye Fei said he plans to use 40 days to expose the shady of 18 companies. He originally planned to expose 58 listed companies, but because he didn’t want to be blocked by the entire industry, he finally decided to expose only 18.
After Ye Fei exposed the news that the mainland’s A-share market was in the market, a huge disturbance was set off in the mainland, and investors referred to the similar stocks mentioned by Ye Fei as “Ye Fei concept stocks.” The stocks of listed companies that Ye Fei accused of having conducted “market value management” plummeted, and a large amount of funds fled.
Ye Fei’s exposure caused great concern in the industry. Ye Fei used to be a champion of private equity and is now a money broker. Some articles pointed out that Ye Fei was hacked-he did not receive the money.
The city community believes that Ye Fei wants to wipe out all those who deceived him by reporting, in order to prove that he is a good person. However, judging from the fact that Ye Fei was arrested, he ultimately failed to become a good person.
Editor in charge: Lin Congwen
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