
An alleged fraudster who invested after being introduced by an acquaintance was accused of defrauding investors.
■ Case Overview The client received a proposal from an acquaintance to invest in stocks and entrusted the investment to an investment professional introduced by the acquaintance, expecting stable and high returns. During the investment process, he was told that his principal and certain returns would be guaranteed, and he made the investment decision. However, due to the deteriorating situation of the investment destination, it became difficult for him to recover his principal as well as the promised returns. As a result, the investors suspected that he had defrauded them of their investment funds and filed a fraudulent complaint. ■ Case Issues 1. Whether the client committed fraud by promising investors guaranteed principal and high returns The investors claimed that the client solicited their investments with the promise of guaranteed principal and high returns, but the client denied making such promises. 2. whether the client personally misappropriated or misappropriated investor funds The complainants alleged that the client personally used the investor funds, but the client denied that the investor funds were used for any