Last May, Yang, who lives in the Xiqing District, received his friend Li, a colleague from Beijing and Zhang Zhao of the city.

After the greeting, Zhang took out a bank deposit certificate from the Bank of China with a face value of up to 50 million dollars.

Zhang told Yang: "50 million dollars are all my funds. I pferred the money from abroad to China. At present, the Bank of China has been temporarily suspended because of the formalities.

In order to revitalize the investment, I used a hedging value-added business and now pferred the $50 million to Zhao's name.

Zhang then said that if you want to revitalize the money, you must pay 3 million 600 thousand yuan RMB as a handling fee to get through all the joints of the bank.

Once the fee is in place, 50 million dollars will be used in two months.

He wanted Yang and Zhao to raise the handling fee. Of course, 3 million 600 thousand could not be used in any way. After a large amount of money was revitalized, he would return the principal, and according to the amount of the principal, he would pay 40% interest in return.

In the face of sudden good things, Yang began to doubt, but he thought that Zhang was a friend's presentation, and there was a financial certificate issued by the Bank of China. He could earn high profits in only two months, and Yang gradually moved, so he agreed to raise funds together.

Subsequently, Zhang became a familiar visitor to Yang's family, while Yang raised 800 thousand yuan. Zhao raised 400 thousand yuan. In October of the same year, he put the 1 million 200 thousand yuan into Zhang's account opened in Beijing, and they also gave Zhang yuan 100 thousand yuan in cash.

Since then, Yang and Zhao and others have begun waiting for the funds to be revitalized so that they can get the rewards as soon as possible, but seeing the passage of time, but the money has never been heard.

Last December, at the end of last year, Zhang suddenly called Yang. He said he needed 500 thousand yuan in handling fees to allow yang to prepare for it.

This time, Yang came to the report of the Economic Investigation Detachment of the Xiqing branch of the Public Security Bureau. The police then found out that the certificate issued by Zhang was a forgery. The foreign currency deposit certificate of $50 million does not exist at all. Obviously, this is a carefully fabricated fraud.

In January 9th this year, the Xiqing police filed a case investigation. Through analyzing the case, the police judged that the cheaters like Zhang had a bottomless greedy attitude. They would never give up the opportunity to continue to cheat.

As a result, the case police asked yang to pretend to be as if nothing had happened. He continued to contact Zhang and agreed to meet in a hotel in Beijing to deliver 500 thousand yuan.

On 1 15, Zhang came to the hotel to meet with Yang, but this time he came not only 500 thousand yuan, but a pair of cold handcuffs.

After the trial, Mr Zhang took the Bank of China $50 million foreign currency deposit certificate as bait from October to December last year. He lied about the high benefits of the withdrawal of the funds and rewarded the victims for the fact that 1 million 300 thousand yuan, such as Yang, Zhao and others, were confessed.

Yesterday, Zhang had been arrested by the police in accordance with the law.