Don't take part when someone invites you to "package your documents" for a loan and pays you a fee based on the loan amount
- Top value
- Evidence A
- Keeps you free
- Free
- Takes minutes
- No willpower
In plain words
Helping people "package their documents" (包装材料) to get loans and taking a cut is handled as fraud. A gang of 126 people packaged jobless people as "high-quality customers" and cheated more than 80 banks out of more than 30,000,000 (3000多万) CNY in loans. The people who appeared and signed took a fee of 30% of the loan amount, and of the 80 people sentenced so far, 76 got 1 year 4 months to 6 years 6 months. Whoever's name the loan is in, the debt is theirs.
Mentioned in
- Refuse when an acquaintance asks you to "scan your face and be a witness" to take out a loan, or asks you to read out a verification code: this is called an AB loan (AB贷), and the borrower is you, not a guarantor
- Don't sell your own organs and don't help anyone find a donor: a kidney that earns the seller just over 20,000 CNY is resold for 200,000 CNY, and the money is confiscated and a fine of 10 to 20 times the transaction amount is imposed
Translated from the Chinese original. Original book, section 9, tip 6. This section describes legal rules, mostly mainland China’s. It is general information, not legal advice; for your own case, talk to a lawyer. Content may be out of date and rules differ by place. When you actually deal with an agency, a doctor or a court, follow what local officials, doctors and lawyers tell you. Disclaimer