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there has been a follow-up to the arrest of cai junyi, a well-known shanghai stock analyst and chief of a well-known brokerage firm, which caused a sensation on the internet a few years ago.

recently, the people's procuratorate of baoshan district, shanghai held a press conference to report on the handling of cybersecurity cases by the procuratorate. it is reported that cai junyi was sentenced to 1 year and 5 months in prison by the court in early 2022 for the crime of assisting information network criminal activities. the specific criminal facts are that when cai junyi was live-streaming on a short video platform, he helped an overseas fraud gang to attract traffic, resulting in more than 40 people being defrauded of more than 30 million yuan.

previously, in september 2021, china securities journal exclusively reported that cai junyi was taken away by the public security organs and was notified internally by the entire company. see "'bring shame to the company and humiliate the research institute!' the chief executive of the securities firm was arrested, the chairman's internal speech was exposed, and more inside stories surfaced..."

cai junyi was sentenced to 1 year and 5 months in prison

on september 12, the people's procuratorate of baoshan district, shanghai held a press conference to report on the procuratorate's handling of cases involving network security and released a typical case.

according to shangguan news, since 2021, ye moumou, wei moumou and others have been recruited by others to go to overseas electronic fraud parks and specialize in fraud activities against domestic residents. during this period, they contacted shen moumou and others to build public accounts, live broadcast platforms, and fake investment platforms, and invited well-known stock commentator cai moumou to live broadcast on short video platforms, and successively led victims to other platforms, and recommended investment methods to deceive victims into "investing" in fake investment platforms and transferring money to accounts controlled by the fraud group.

it is reported that this "cai xx" is cai junyi, a well-known internet celebrity in the shanghai stock commentary circle. public information shows that cai junyi once served as the assistant director and chief market analyst of the shanghai securities research institute. he is a certified public accountant and fudan emba. he has also been a special guest on many tv programs.

it is reported that on june 17, 2021, an investor, mr. qiu, was directed to other platforms after watching cai's live broadcast, and scanned the qr code to download the chat app, joined the group chat, downloaded the link in the group, and installed the live broadcast software and fake investment platform. in july 2021, mr. qiu successively transferred funds to the bank account designated by the aforementioned fake investment platform. on august 23, 2021, mr. qiu found that the platform could not be logged in and reported the case, with a total loss of more than 21.8 million yuan. more than 40 other victims were deceived in the same way, with a total loss of more than 10 million yuan.

after the public security organs filed the case, the baoshan procuratorate intervened in advance in accordance with the law and guided the public security organs in the investigation. during the subsequent handling process, it carried out its own supplementary investigation into the subjective knowledge of cai moumou, the defense of the middle contact shen moumou that he had not contacted the technical team, and the subjective knowledge of ding moumou who traded virtual currency with the criminal gang, laying a solid foundation for the successful completion of the criminal prosecution work.

from january 2022 to september 2024, the baoshan procuratorate successively prosecuted shen moumou, cai moumou and others who provided assistance to overseas fraud gangs and committed related crimes for fraud, concealing and concealing criminal proceeds, and assisting information network criminal activities. the defendants were sentenced to prison respectively. among them, the case of cai moumou was sentenced in early 2022. he was sentenced to 1 year and 5 months in prison by the court for assisting information network criminal activities.

once criticized as a "rotten apple"

in september 2021, rumors of cai junyi's arrest spread in the market. at that time, china securities journal exclusively learned that shanghai securities had held a briefing on the cai junyi incident. he wei, the then chairman of shanghai securities, criticized the cai junyi incident as "a bad personal incident that endangered the company on the rise." he also said bluntly, "i don't want a bad apple to spoil the whole pot of soup!"

he wei also said, "cai junyi brought shame to shanghai securities and humiliated the research institute," and hoped that the research institute and everyone would "be brave if they knew shame" and learn the lesson.

subsequently, the regulator also strengthened the management of practitioners' self-media due to this incident. in october 2021, the shanghai securities regulatory bureau issued a "notice on regulating the use of self-media tools by securities practitioners to carry out business activities" to securities firms under its jurisdiction, requiring securities firms to improve internal management, strictly regulate employees' self-media business activities, and establish a sound system for using self-media tools such as wechat, weibo, and douyin to carry out business activities.

the document states: "recently, our bureau has noticed that an analyst from a securities company in our jurisdiction has been detained on suspicion of fraud. it is understood that the analyst's detention was related to improper use of self-media tools to conduct business activities. after the incident, it was reported by a number of financial media outlets, attracting public attention."

the shanghai securities regulatory bureau said it will further strengthen the daily supervision of securities practitioners in its jurisdiction who use self-media tools to carry out business activities. if any violations of customer service regulations, lack of internal control systems or inadequate implementation of them are found, relevant measures will be taken in accordance with the law.