Box office records will be renewed! Beware of scams at the National Day feast

category:Finance
 Box office records will be renewed! Beware of scams at the National Day feast


Coincidentally, just two weeks ago, Shanghais public security organs cracked the citys first extraordinary contract fraud case, involving 45 million yuan and involving more than 260 investors, by falsely increasing the production costs of film and television dramas and exaggerating the expected box office earnings.

Over the years, the Internet and social platforms are full of all kinds of fraudulent so-called film and television financing projects. Compared with other financial fraud cases, these fraudsters promise investors high interest returns, short-term profits, and dividends after box office, which are very attractive. There are quite a lot of investors who have been cheated out of real gold and silver.

Star star, triple investment income

If someone told you that you had the opportunity to invest in a movie with a production of 260 million yuan, starred by a popular star, produced by a well-known film and television company, and the box office is expected to exceed 2 billion yuan, would you be excited?

In early 2019, Mr. he got to know a film and television investment agency through social software, and learned about the above film and television project investment. The expected box office of this film is conservatively estimated to be 2 billion yuan. With an investment of 1 million yuan, 3.6 million yuan can be obtained. The opportunity is really rare, the agency told Mr. He

Mr. He quickly signed an investment agreement and invested 500000 yuan to obtain 0.25% of the copyright income of the film.

However, the total box office of the film was only 63 million yuan after it was released, which was quite different from the expected box office of 2 billion yuan claimed by the intermediary company. In the end, the company only cashed 13000 yuan to Mr. He on the ground that the box office was not as good as expected, and the previous investment of 500000 yuan was wasted.

At this time, Mr. he realized: this may be a carefully fabricated fraud. Therefore, Mr. He reported the case to the police in March this year.

According to the official microblog of Shanghai Public Security Bureau, police through Train Shanghai disclosed: recently, after careful investigation, Shanghai public security organs have successfully cracked the first super contract fraud case in this city, which fraudulently increases the production cost of film and TV series, exaggerates the expected box office income, and swindles investors investment funds. Three suspects including Bao are arrested, and a large amount of cash and propaganda scripts are seized on the scene The amount is more than 45 million yuan, involving more than 260 investors from all over the country.

The reporter learned in the interview that in recent years, many so-called film and television companies, under the guise of film and television investment, claim that crowdfunding will invest in a good film, and after the box office is good, you can sit and wait for dividends. In fact, it is a fraud carried out by criminals who take advantage of the publics ignorance of film and television investment.

For example, in June this year, a large bank published a number of fraud risk events in the name of film and television investment. It turned out that, for a period of time at that time, the banks business outlets in Anhui, Shanghai, Xinjiang and other places had different elderly customers come to ask for remittance to a film and Television Co., Ltd. in Zhenjiang for the purpose of investment in film and television.

This information quickly aroused the vigilance of the banks network staff. It is understood that most of these customers learned about a red patriotic film through wechat communication group. The other side claimed that the cast was star studded and celebrities gathered, which could be used as an investment project. Investors need to prepay 20% of the investment deposit, and then sign the contract in person or by mail.

Finally, in the bank staffs dissuasion, these remittance customers terminated the remittance, avoided the capital loss.

Whats the bad news? There is no pie in the sky

In recent years, film projects have indeed seen a lot of hot money, with a high rate of return on investment. But at the same time, we should also see that the film itself is difficult to evaluate, and even senior practitioners in the film and television industry are difficult to accurately estimate the box office of the film. Well known old film and television companies often lose money when they invest in films. Zhang Chunjie, a lawyer with Beijing Yinghe law firm, told reporters.

But often these so-called film and television investment companies, before investment, only to you good news, not bad news.. Fraudsters often hide important information from investors. For example, most of the film investment projects will lose money and even cant be shown in the cinema. In order to attract investors to invest, they focus on how high the expected rate of return can be achieved in financing. Once a loss finally occurs, they will explain to investors that it is the normal industry to invest in film losses. Zhang Chunjie said.

At present, the fraud means of film and television investment are constantly renovated: raising funds in the name of mass production of films, or raising funds in the name of transferring investment shares and copyright shares, or pretending to be the film producer to make up the relevant subject qualification, shooting qualification, film release license, etc.

It is understood that compared with the investment tools well known by the public, the current film and television investment is still relatively small, the information transparency is not high, and the film and television investment is more complex. Even if the film project is real, for ordinary people, where to invest and how much income Its hard to tell the truth from the false.

Taking the above-mentioned Shanghai police case as an example, according to the police investigation, in September 2018, the criminal suspect Bao set up a film and television company, and first purchased 18% of the box office revenue right and the right of signature of a film from a film producer. However, both parties clearly agreed that baomous company shall not transfer its shares or use it for financing without authorization, otherwise it will no longer enjoy the box office income right of the film.

According to the information disclosed by the Shanghai police, in this case, Bao and others defrauded the property of the other party in the process of signing and performing the contract for the purpose of illegal possession, which has violated the provisions of article 224 of the criminal law of China and is suspected of contract fraud. At present, the case is under further investigation.

In fact, in more cases, many investors are faced with the difficult situation of obtaining evidence after being cheated.

It is difficult for investors to protect their rights, mainly because film investment belongs to economic contract behavior and belongs to high-risk investment industry. When a case breaks out, it is difficult for the police to distinguish between economic disputes and criminal acts, normal market losses or losses caused by fraud. Zhang Chunjie said that the difference between a civil case and a criminal case lies in whether there are criminal acts such as illegal fund-raising and intentional fraud. Zhang Chunjie also told reporters that the transfer of income right and premium of film project investment share is common in the normal and legal operation of the film and television circle. It does not mean that such transfer is illegal, but the subject of transfer is generally the company. The high rate of return advertised by fraudsters is generally not dozens of percent, but several times the premium, and the rate of return in their mouth is even higher than that of P2P. Where is the good thing that the pie falls from the sky? Zhang Chunjie reminded that film and television investment has the characteristics of strong professionalism and high risk. For ordinary people who do not have experience and ability and are not rich in capital, they are not recommended to directly participate in the investment. Source of this article: Yang Bin, editor in charge of Shanghai Securities News_ NF4368

It is difficult for investors to protect their rights, mainly because film investment belongs to economic contract behavior and belongs to high-risk investment industry. When a case breaks out, it is difficult for the police to distinguish between economic disputes and criminal acts, normal market losses or losses caused by fraud. Zhang Chunjie said that the difference between a civil case and a criminal case lies in whether there are criminal acts such as illegal fund-raising and intentional fraud.

Zhang Chunjie also told reporters that the transfer of income right and premium of film project investment share is common in the normal and legal operation of the film and television circle. It does not mean that such transfer is illegal, but the subject of transfer is generally the company.

The high rate of return advertised by fraudsters is generally not dozens of percent, but several times the premium, and the rate of return in their mouth is even higher than that of P2P. Where is the good thing that the pie falls from the sky? Zhang Chunjie reminded that film and television investment has the characteristics of strong professionalism and high risk. For ordinary people who do not have experience and ability and are not rich in capital, they are not recommended to directly participate in the investment.