Recently, the Wuhan Jinhuang fake gold incident that has attracted much media attention has attracted people's attention. This incident involving 20 billion yuan has dragged many trusts, banks, and insurance institutions into a quagmire. As a result, this article thinks of the Madoff Ponzi scheme that carried tens of billions of dollars 12 years ago. The similarity between the two cases lies in the "common sense lack of transparency." Many financial institutions have no one to raise this issue and are dragged into the quagmire of despair. In recent years, similar Madoff-style Ponzi schemes have continuously appeared in the capital market, shadow banking system, various types of P2P, and private equity markets. Everything about many investors has been involved, including careers, families and the rest of their lives. Their destiny changed, and the cost was very painful. The Ponzi scheme, similar to the Madoffian scheme, has a weird approach, but one thing is very similar, that is, the mastermind fabricates and weaves a mysterious halo for himself and interprets all kinds of stories that are difficult to falsify and even more difficult to verify. These stories are often flawed and often end in tragedy.
