Well-known actor Hu Jun endorsed 9F’s wealth management products suspected of fraud, involving 39 billion yuan

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 Titanium Media App reported on July 31 that according to Shenzhen Business Daily, Hu Jun endorsed a wealth management product called "Wukong" under 9Fu , which is suspected to involve 340,000 victims, totaling 39 billion yuan. In September 2014, 9F’s Wukong Finance was officially launched. The attractive rate of return helped 9F to attract a large number of customers. The transaction volume exceeded 1 million yuan on the first day, and the number of users exceeded 10,000 in three days.  The affiliated company of “Wukong Financial Management” reported by netizens is Jiufu Digital Technology Group Co., Ltd., which was established in 2006. Its legal representative is Yifan, with a registered capital of 200 million yuan. It was listed on Nasdaq in 2019. All 36 branches of the group have been revoked, but they still hold 9 companies and indirectly hold 40 companies. On June 30, the company was listed as the person subject to execution by the Chaoyang District People's Court of Beijing, and the subject of execution was 174,700 yuan. The cause of the case was a labor dispute.

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