Xu Ke (a pseudonym), a physical education teacher in Hejiang County who called himself a "stock trading expert", lured investors with a 3% monthly interest return using a box resistance furnace. He used the funds raised to pay back capital, causing some people to hastily trust him as a "stock trading expert". Xu Ke illegally raised 9.12 million yuan from more than 20 relatives and friends to invest in stocks using a Soxhlet extractor. When faced with significant stock trading losses, he suddenly fled one night with the funds.
In March 15th of this year, while reading a newspaper during his escape, Xu Ke saw a report titled "The Affectionate Pursuit of Fugitives by a Female Police Chief Results in Local Fugitives Surrendering Out of Admiration". To put an end to his restless fugitive life, he decided to surrender to Chen Wei, the female police chief in Chongqing. On the afternoon of March 24th, due to suspicion of fundraising fraud, Xu Ke was handed over by the Chongqing police to the Hejiang County Public Security Bureau. On May 9th, the People's Procuratorate of Hejiang County approved the arrest of Xu Ke on suspicion of fundraising fraud.
(Yan Deliang, He Peizhi)
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