Revealing the "Housing for the Aged" scam: being forced to sell a house and repay usury.
CCTV News:"Providing for the aged with housing" mainly means that the elderly mortgage their housing to the insurance company in reverse, so as to receive a certain amount of pension insurance every month. This is a commercial endowment insurance business encouraged by the government, but some unscrupulous companies and personnel cheat the elderly under the banner of "providing for the elderly with housing", resulting in some elderly people falling into a situation where their housing and property are empty.
Lu Fengming, who lives in Tiantongyuan Community, Changping District, Beijing, is 69 years old. In recent months, she has often discussed a big thing for them with several old sisters.
Beijing citizen Lu Fengming:When I was asked for this principal and interest, I couldn’t eat or sleep for almost a month, and the pressure was very great.
Beijing citizen Zhang Yulan:It’s just a feeling that the sky is falling and we are cornered.
What makes these old people feel that the sky is falling is that there is something wrong with their "house-to-house pension" project in Beijing Zhongan Minsheng Asset Management Co., Ltd.
Each of them took their own house as collateral, shouldered more than 3 million loans with an annual interest rate as high as 24%, and now they are constantly threatened by loan companies to sell their houses and repay their loans.
Beijing citizen Lu Fengming:Just tell my husband to sell the house quickly, and sell your house quickly. If you sell the house now, you can sell it for 5 million yuan, and you can still have 2 million yuan left. We can help you find someone to buy your house. If you go through the court, your house is only worth 1.8 million yuan.
In order to force the elderly to repay the principal and interest, the loan company implemented various soft violence, such as door-to-door bullying, verbal abuse, posting so-called debt collection notices in the corridor, blocking the keyhole with 502 glue, and throwing garbage and feces at the door of the elderly. How did the old people get into such a situation today?
Reporter:What kind of project did he tell you at that time?
Beijing citizen Lu Fengming:It is about providing for the aged and providing for the aged with housing.
The old man Lu Fengming said that in 2017, when she was dragged by a familiar friend to participate in the activities of Beijing Zhongan Minsheng Asset Management Co., Ltd., she learned about this house-to-house pension project. At that time, Zhong ‘an Minsheng publicized that her real estate could be mortgaged with more funds than other companies. After the funds were handed over to Zhong ‘an Minsheng, Zhong ‘an Minsheng paid a fixed pension to the elderly every month at an annual interest rate of 4% to 6%.
According to the contract signed with Zhong ‘an Minsheng, Lu Fengming can receive a pension of 12,500 yuan per month after mortgaging his house for 3 million yuan.
Beijing citizen Lu Fengming:I think it’s quite good. It paid me interest on that day.
In order to convince the old people, Zhongan Minsheng also arranged for the old people to sign a guarantee contract with Beijing Dingchi Huixin Investment Guarantee Company.
In order to attract the elderly to invest, Zhongan Minsheng often organizes various large-scale publicity activities, sometimes reaching thousands of people.
Li Moumou, legal representative of Beijing Zhongan Minsheng Company:Changping, Haidian, Huairou, Tongzhou, Pinggu and Yanjiao, Hebei have opened eight one-stop service halls of the same size, and the old-age service basically radiates to Beijing.
At the time of preaching, Zhongan Minsheng told the elderly that the mortgage of "housing for the elderly" could be withdrawn at any time.
Beijing citizen Lu Fengming:If you don’t want to do it, you can release it in half a year, or if you want to sell a house, you can tell him two to three months in advance, and then he will release it for you.
Deceive the elderly under the guise of national ministries and commissions.
The old people said that another important reason why they believed in Beijing Zhongan Minsheng’s housing-based pension project was that Zhongan Minsheng borrowed the national policy of "providing for the elderly with housing" in various propaganda and cheated them in the name of the Ministry of Civil Affairs, the National Committee on Ageing and the China Foundation for the Development of Ageing.
Beijing citizen Lu Fengming:In every hall, it says China Foundation for the Aged and the Ministry of Civil Affairs. There are many big gimmicks in front of it, so we believed it and didn’t go further. After the incident came out, we discovered that many of them were fake.
It was not until the loan company came to collect debts that the old people realized that they had mortgaged their houses to various small loan companies.
However, when the lenders took out the Property Mortgage Contract, they found that this important contract, which allowed small loan companies to sell or auction their houses at a discount, was not in their hands at all, but it did have their own signature. What happened?
Beijing citizen Zhang Yulan:When signing the contract, I didn’t let you see it at all, and then I assigned it to you. This place was signed, this place was signed, and the place for riding seam was set for you, and the riding seam had to be signed. After signing it all, I just felt particularly uncomfortable.
Only after the accident did the old people wake up. These were all "bureaus" designed by Zhongan Minsheng and the loan company. Zhongan Minsheng wants millions of money after they mortgage their houses, and the loan company wants 24% high interest rate and their houses.
Beijing citizen Wang Xiaoqun:We are all meat on their chopping boards. When we make money, they divide it. When we make money, they divide it.
After the mortgage loan is handed over to Zhongan Minsheng, 6% of the pension income of the elderly and 24% of the high interest rate of the loan company will be borne by Zhongan Minsheng according to the contract. Obviously, such a capital scam cannot last long.
> > The police cracked down on the company involved and 88 people were detained.
After the capital chain of Beijing Zhongan Minsheng Company was broken, in March this year, old people who felt cheated began to report to the public security organs. According to the report of the masses, the Haidian police in Beijing filed a case for investigation and criminally detained 88 suspects. At present, Haidian Branch of Beijing Public Security Bureau is further investigating the case.
> > Regular "Housing for the Aged" insurance business in ChinaThere is only one family.
Here, I would also like to remind the elderly that only Happy Life Insurance Company is allowed to carry out the "house-for-the-aged" insurance business in China with the approval of China Banking and Insurance Regulatory Commission. "Providing for the aged with housing" is to mortgage the house directly to the insurance company, not to various loan companies.
When it comes to the investment and disposal of major property such as real estate, don’t have the idea of falling pie in the sky, especially when introducing acquaintances, be wary.
(CCTV reporter Yan Chenghai Zhao Yingchen Yan Hong)