Chinese Great Wall Computer Import and Export Company's Wang Jun had already fled overseas, and the Great Wall Yiqu APP he operated domestically scammed 230k people, with involved funds reaching hundreds of billions.

This scammer Wang Jun is also quite talented, actually thinking of impersonating state-owned enterprises' scam methods, creating a capital pool selling white wine.
The operating company he used is called China Great Wall Computer Import and Export Co., Ltd., with a controlling shareholder that is also a fake central enterprise: China Electronic Material Jinji Co., Ltd., just various forms of riding on the coattails, pretending to be a central enterprise, and has been exposed for false advertising.
Although exposed, it didn't stop Wang Jun from continuing his scam. He created the Ronghe Shaofang white wine brand, customized with a winery in Guizhou, costing less than 50 yuan per bottle.
Then he listed this inferior wine on his Great Wall Yiqu APP, and set up over 300馆长 (museum managers) nationwide, who recruited 230k members, claiming it was a platform endorsed by a central enterprise.
Among members, most are stay-at-home moms, friends, comrades, relatives, etc., buying wine at low prices on the platform, then selling it at a 9% markup after 7 days, and the buyer continues to add 9% and sell to the next member.
In this way, a bottle costing less than 50 yuan was inflated to an exaggerated price of 20,000 yuan, with an annualized return of an astonishing 11,700%.
This is essentially a capital pool, a Ponzi scheme, where members must constantly recruit new members to buy their wine.
Using later people's money to fill the gaps of earlier people—that's the most typical scam.
Starting in April, some members couldn't withdraw their money, and reports kept coming in, with at least 18 public security agencies filing cases.
Wang Jun knew long ago what was coming, so he fled abroad early on, and is already nowhere to be found.
It's already 2026, yet surprisingly, some people still fall for this, still believe in high returns—obviously, greed is the culprit.
As long as you're not greedy, no one can really scam you. #TradFi交易分享挑战