A P2P (peer to peer) lending platform named Chuangxindai could not be contacted, Jiangsu media reported on July 2. This online lending platform becomes the fourth of its kind that see its owner disappear.
Since it opened in March 2013, Chuangxindai launched some investment projects with interest rates as high as 20 percent. However, no more new project has been seen since June 11. A few days ago, the company’s bank account was found to have been frozen. Besides, the company’s QQ group was disbanded and the office is empty.
It is said that the company required investors to remit money into the account of Wu Bisong, the owner of the company, through third party payment and offline remittance. This type of fund-raising is suspected to be illegal fund-raising.
According to sources, the number of victims and amount of loss are not huge and no report about the case had been received by local police.
According to wangdaizhijia.com, a website for consultancy of investment, 46 P2P lending platforms have collapsed or seen their owners run away as of June 10. Investors are suggested be careful when choosing online lending platform.
