Leasing more than 500 securities accounts, using more than 70 computers, concentrating on capital advantages and shareholding advantages to buy and sell 3 stocks in a row, creating the illusion of huge trading volume of these 3 stocks, inducing investors to enter the market to invest, thereby increasing stock trading Price, the illegal profit book floating profit exceeds 200 million yuan.
On January 18, the Shanghai Municipal Public Security Bureau disclosed a recently detected compound case involving the illegal operation of over-the-counter funds, manipulation of the securities market, and bribery of non-state staff.
According to the police, in this case, 4 criminal gangs were involved in disrupting trading transactions, cooperating in lock-up, over-the-counter financing, and software development, arresting more than 50 criminal suspects, and confiscating more than 100 computers and bank cards for committing crimes.
At present, the Shanghai police have transferred more than 50 criminal suspects including Li to the procuratorate for review and prosecution on suspicion of securities market manipulation and illegal business operations, and transferred Yang to the procuratorate for review and prosecution on the crime of accepting bribes by non-state staff.
(Reporter Li Shuzheng produced Li Jiali and provided materials by Shanghai Public Security Bureau)
Responsible editor: [Zhang Aolin]