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The cause of Zheng Ji's fund-raising case

Gong himself, the general manager of the company, is a former government official. He used to be the deputy head of Shizhong District and Taierzhuang District of Zaozhuang City, and 1989-1992 was the director of Zaozhuang Sports Commission.

The predecessor of Zheng Ji Company is Shandong Jihuai Health Products Co., Ltd., which was established in 1996. Later, Shandong Jihuai Health Products Chain Sales Co., Ltd. was established in 1997, mainly selling Jihuai health products. Although Jihuai Health Products Chain Sales Company is registered in Jiyang County, its actual business has been carried out in Jinan, which is the predecessor of Jihuai Health Products Jinan Branch. In February 2006, Jihuai Company was renamed as Zheng Ji Company.

Gong took control of the company around 2000, and then began to vigorously package the fund-raising scam. At this time, Zheng Ji Company gradually reduced the income of each fund-raising to delay the break of the fund-raising chain, and began to develop industries to stabilize investor confidence.