Jiamei packaging (002969) last September, the stock price suddenly dived four stops in a row, the Securities and Exchange Commission just announced that the arrest of 23 key members of the case.
The SFC investigated and dealt with the use of stock market “black mouth” major manipulation case!
On the evening of the 21st, according to the SEC official said that the 23 main members of Zheng’s gang were arrested and brought to justice.
It is alleged that the actual controller of the private equity fund Zheng and his group conspired with the placement agent, borrowed nearly 400 million yuan of funds and more than 80 securities accounts, to continuous trading, the way the opposite of the substantial pull up the price of Gamma packaging stocks, and in partnership with the stock market “black mouth”, the use of live, WeChat group to lure investors to buy high prices to take over, and its reverse sell illegal The reverse selling illegal profits of tens of millions of yuan, suspected of market manipulation, illegal operation and other illegal crimes.
4 consecutive trading days down board
Last September 9, Jiamei packaging staged a sky floor, changing hands at 69%, the turnover of 825 million yuan, the whole day amplitude of 20%!
There is news that the stock has a webcast stock recommendation trap, resulting in a “piggy bank”.
The Eastern wealth network of the stock bar investors posted that by the Hubei Tianmen called Bin and Yuan Yuan scammers group live cheat in, high take over! With force in the live shouting, like a chicken blood, hanging up the board can also buy!
Other investors said a person called Huanshui brother, Hangzhou old horse to cheat.
From the posting of the stock bar, more than one live group is trapping investors. And after investors follow the wind to take the plate, they were kicked out of the group.
The so-called “teacher” rhetoric is very excited to say that Jiamei packaging will open slightly lower today, and asked live investors do not bid to buy, to grab chips to buy, the stock rose 3% still calls for investors to grab chips to buy, and said the stock today after the board, the market still has three stops of space.
After the so-called “teacher” shout single, the volume of the early trading of Jiamei packaging dramatically enlarged, I believe that many retail investors rushed in, the stock price once impacted the stop, but soon, after the high constantly shocked down, as of the close of nearly down.
Since September 9 last year, Jiamei packaging four consecutive stops, down 40% in four trading days. September 9 high chase into the investors were deep set. From September 9 last year to date, the cumulative decline in the Camay packaging has reached 54%, the latest closing of 5.4 yuan, market value of 5.186 billion yuan.
Behind the pig killing techniques exposed
Specifically, Zheng controlled the use of more than 80 securities accounts (referred to as account groups) provided by the matching company, using nearly 400 million yuan of funds, during the period from August 3, 2020 to September 9, 2020, the use of funds and shareholding advantages, continuous trading “Jiamei packaging” stock, affecting the stock trading price and trading volume.
From August 3 to September 8, 2020, the number of shares held by the account group rapidly increased from 0 shares at the beginning of the period to 38.83 million shares, accounting for 40.76% of the shares in circulation at that time, and the share price of “Jiamei Packaging” increased by 42.06%.
September 9, 2020 shipping phase, Zheng colluded with the “stock market black mouth”, by the “black mouth” in the live room to encourage retail investors to buy. On that day, the manipulator took the opportunity to control the account group to sell a large number of concentrated “Jiamei packaging” 38.83 million shares, with a turnover of 485 million yuan, accounting for 58.82% of the market turnover of the stock that day. This move led to the “Jiamei packaging” stock price that day staged “sky floor”, after the opening of the stock price quickly pulled up once touched the stop, and then the stock price continued to fall, and finally closed with a stop.
Zheng is responsible for stock selection as a trader and gives operation instructions. The company raises funds from the market for use by the manipulator, who generally pays interest at 1.1% per month, and the company pays interest at a rate lower than that to the provider of funds, earning a spread. The matching company also provides securities accounts and trading software to the trader and receives commissions based on the transaction amount. The “stock market black mouth” is responsible for the shipment of goods, according to the transaction amount of 10% of the remuneration (in this case Zheng did not pay in full as agreed).
In the specific manipulation behavior, “black mouth” with the help of WeChat to establish stock recommendation group, stock recommendation public number, and spend a lot of money to hire network “big V” for its publicity, attracting traffic to recruit stockholders. After attracting stockholders into the group, the “black mouth” group regularly lectures for the masses of stockholders, teaching stock market trends and speculation tips and techniques through live webcasts, and constantly releasing live stock market hotspots in the group, recommending quality stocks that are hot in the near future, so that stockholders in the group believe in their “professionalism “The company’s main objective is to provide the shareholders with the opportunity to make their own decisions.
Because of the large amount of shares and holdings are too high, in order to quickly ship and profit in the short term, Zheng took the initiative to contact the “stock market black mouth”, the two sides conspired to ship on September 9, 2020. On that day, three groups of “stock market black mouth” through the network live and other ways, in the live room to encourage nearly 7,000 retail investors to buy concentrated, the manipulation of the party in a few minutes that is completed shipments. After the opening of the “Jiamei packaging” stock price quickly pulled up once touched the stop price of 13.19 yuan, then the stock price continued to fall, and finally closed with a stop price of 10.80 yuan, an amplitude of up to 20.02%, changing hands rate of 69.36%. Since then the stock has fallen for three consecutive days, from the September 9 stock price peak fell 58.75%, investors suffered huge losses. According to Zheng’s confession, in order to ship the “Jiamei packaging”, it paid 30 million yuan to the “stock market black mouth” as payment.
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