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Ex-China Billionaire with $1.7 Billion Fortune, Founder of First China Mutual Fund Firm & Zendai Group Who was Jailed for Illegal Fundraising Dai Zhikang Residence in Shanghai Sold for $20 Million, Surrendered to Police in 2019 after Crisis over Internet Business, Admitted Company Commingled & Misappropriated Funds Raised from Investors, Sentenced to 19 Years Jailed in 2022

16th March 2024 | Hong Kong

Ex-China billionaire with $1.7 billion fortune, founder of first China mutual fund firm & Zendai group who was jailed for illegal fundraising Dai Zhikang residence in Shanghai had been sold for $20 million.  Dai Zhikang had surrendered to the police in 2019 after crisis over internet business, and admitted the company had commingled & misappropriated the funds raised from investors.  In 2022, Dai Zhikang was sentenced to 19 years jail.  

“ Ex-China Billionaire with $1.7 Billion Fortune, Founder of First China Mutual Fund Firm & Zendai Group Who was Jailed for Illegal Fundraising Dai Zhikang Residence in Shanghai Sold for $20 Million, Surrendered to Police in 2019 after Crisis over Internet Business, Admitted Company Commingled & Misappropriated Funds Raised from Investors, Sentenced to 19 Years Jailed in 2022 “

 



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Ex-China Billionaire with $1.7 Billion Fortune, Founder of First China Mutual Fund Firm & Zendai Group Who was Jailed for Illegal Fundraising Dai Zhikang Residence in Shanghai Sold for $20 Million, Surrendered to Police in 2019 after Crisis over Internet Business, Admitted Company Commingled & Misappropriated Funds Raised from Investors, Sentenced to 19 Years Jailed in 2022

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