“山寨大佬”沈小平 "Two fortress"ShenXiaoPing

　　何以瞒天过海 Why try to deceive everybody

　　资本史上的“沐雪”、“巴菲特”、“华平”、“凯雷”等一系列耀眼的大佬名头，被中国青年沈小平加以运用，从而炮制出山寨版资本大佬，演绎了一幕号称规模90亿的资本闹剧与欺诈骗局。

Capital in the history of"Soak up the snow"/"buffett"/"huaping"/"Carlyle"And a series of dazzling against the two,By the Chinese youth ShenXiaoPing can be put to use,Thus the two processing fortress version of the capital,Deduce the scene scale as 9 billion capital farce and fraud scheme.

　　“沈是台前老板。他是85、86年的，非常年轻，自称从美国回来，国内资源深厚。”与沈小平有密切接触的资本圈某人士告诉记者，“他说自己2007年就在香港成立了华平（中国）投资管理集团有限公司，2009年做人力资源、MBA培训等业务，规模已很大。”

"Shen is the judgment seat.He is 85/86,Very young,To come back from the United States,Domestic resources in the deep."ShenXiaoPing have close contact with the capital circle one person told reporters,"He said he was established in Hong Kong in 2007 the huaping(China)Investment management group co., LTD,2009 do human resources/MBA training, etc,Scale has great."

　　对此次“沐雪巴菲特一号”信托计划引发的欺诈纠纷，上述人士一语道破天机：“这个信托就是做股票配资的。江苏沐雪、深圳凯雷都是沈成立的，前者是运作平台，后者相当于资金账户。湖北精九等是客户。”

the"Soak up the snow buffett number one"Trust plan cause fraud dispute,The above people hit the cat out of the bag:"The trust is to do with the stock information.Jiangsu soak up the snow/Shenzhen Carlyle is the ShenChengLi,The former is operation platform,The latter is equivalent to the capital account.Hubei fine nine is the customer."

　　有接触过“沐雪巴菲特”发行的券商人士向记者介绍，一期计划他们谎称规模达到30亿，并正筹划二期计划，对外称规模60亿。“现在出的问题是，湖北精九把钱打到信托账户后，发现某天莫名其妙地转移到了几个自然人账户。”

Have contact with"Soak up the snow buffett"Issue of the securities trader personage introduces to the reporter,A phase of the project that they scale up to 3 billion,And the second phase of the project is planning,The scale of foreign says 6 billion."Now the problem is,Hubei fine nine make money to trust account,Find one day somehow transferred to several natural person account."

　　“钱没被转移走。我们也很冤枉。那些所谓投诉的投资者，有几个是真正的投资者？你可以去查查。”华平中国上海负责人刘琼这样对记者说。

"Money is not moving.We are wrong.The so-called complaints of investors,There are several is really the investors?You can go to check."Warburg pincus in Shanghai, China LiuQiong such told reporters.

　　但她无法或者不愿解释这场纠纷究竟事出何因。“你还是问天津信托吧，我不接受采访。”刘琼极不耐烦地挂断了记者的电话。

But she could not or would not explain the dispute what things out why."You still ask tianjin trust it,I don't accept an interview."LiuQiong very impatiently hung up on calls from reporters.

　　那么，在这出拙劣的资本闹剧中，天津信托作为发行中介与监督者扮演了怎样的角色？中国银行(601988,股吧)上海分行居然拿出近4亿资金参与信托计划，有无风险监控？截至发稿时，记者尚无法通过采访获悉更多细节，以解开其中的疑团。

so,In the poor capital farce,Tianjin trust as issuing agency and played the role of supervisor how?The bank of China(601988,guba)Shanghai branch should take out nearly 400 million funds to participate in the trust plan,Without risk monitoring?At the time when,Reporters learned that it is not through the interview with more details,To solve the puzzles.

　　⊙记者 郭成林 ○编辑 邱江

⊙ reporter GuoChengLin ○ QiuJiang editor

　　

新潮实业举牌案现端倪 Xinchao industry for card case emerged

　　2012年12月，“沐雪巴菲特一号”信托计划首次亮相资本市场，举牌新潮实业(600777,股吧)。时隔3月，彼时亲密无间的举牌合作者，却转成反目之人。

In December of 2012,"Soak up the snow buffett number one"Trust plan appeared for the first time the capital market,For brand fashion industry(600777,guba).After 3 months,At the intimacy for brand partners,But to the quarrel.

　　2月20日，天津信托发布公告称，于2013年2月1日启动受益人大会程序，已经优先受益人和次级受益人投票表决，一致同意“天信沐雪巴菲特一号证券投资集合资金信托计划”（下称“沐雪巴菲特一号”）提前终止，并由受托人按照次级受益人的指令操作变现。

2 months and days,Tianjin trust announcement said,On feb. 1, 2013, start the beneficiary assembly program,Have priority and secondary beneficiary beneficiary's vote,Agreed to"Day letter soak up the snow buffett a number of securities investment trust plans of assembled funds"(Hereinafter referred to as"Soak up the snow buffett number one")terminate,And the trustee according to secondary beneficiary's instruction operation realizable.

　　此时，距“沐雪巴菲特一号”成立尚不足3个月。

At this time,distance"Soak up the snow buffett number one"Lack of established three months.

　　回溯资料，“沐雪巴菲特一号”信托计划首次亮相资本市场，是缘于对新潮实业的举牌。当时，该案以其诡异的运作手法，引起本报关注与质疑（参见报道《天信沐雪入手2365万股 湖北精九举牌新潮实业》、《精九隐秘投资术：借PE信托2层结构大玩“资本套娃”》）。

backfile,"Soak up the snow buffett number one"Trust plan appeared for the first time the capital market,Is due to the new industrial for brand.At that time,The case with its tricky operation technique,Cause our attention and questioned(See report[Day letter soak up the snow of 23.65 million strands of hubei fine nine for brand fashion industry]/[Fine nine stealth investment operation:Borrow PE trust 2 layer structure play"Capital set of Eva"]).

　　2012年12月4日，新潮实业公告，收到湖北精九投资有限公司（下称“湖北精九”）告知函称，截至2012年12月3日，湖北精九通过“沐雪巴菲特一号”信托账户与一致行动人张拾根，由二级市场累计购入公司股份3129万股，占公司总股本的5%。

On December 4, 2012,Xinchao industry announcement,Received hubei fine nine investment co., LTD(Hereinafter referred to as"Hubei fine nine")Inform letter says,By the end of 2012 on December 3,,Hubei fine nine through"Soak up the snow buffett number one"Trust account and concerted action person zhang took root,The secondary market accumulated buying shares of the company 31.29 million shares,Accounted for 5% of the total equity of the company.

　　湖北精九的举牌方式，明显异于普通的投资行为——借用了有限合伙型PE、信托两层资本杠杆。

Hubei fine nine for brand way,Obviously different from ordinary investment behavior, use the limited partnership type PE/Trust two layer capital leverage.

　　公告披露，湖北精九为深圳凯雷股权投资基金（有限合伙）（下称“深圳凯雷”）普通合伙人，深圳凯雷以次级委托人身份加入“沐雪巴菲特一号”信托项目，湖北精九遂委托深圳凯雷以该信托产品名义在二级市场上买入新潮实业股票。

Notice disclosure,Hubei fine nine for shenzhen Carlyle equity investment funds(Limited partnership)(Hereinafter referred to as"Shenzhen Carlyle")General partner,Shenzhen Carlyle to secondary client identity to join"Soak up the snow buffett number one"Trust project,Hubei fine nine and entrust shenzhen Carlyle to the trust product name in the secondary market to buy xinchao industry stock.

　　湖北精九何以能以普通合伙人身份遥控深圳凯雷、后者竟又以次级委托人操作“沐雪巴菲特一号”买入新潮实业？从湖北精九、深圳凯雷到“沐雪巴菲特一号”投资顾问江苏沐雪（当时未披露），彼时三者亲密无间的举牌合作，今朝转成反目之人。

Hubei fine. Why to general partner identity remote shenzhen Carlyle/The latter have again with secondary client operation"Soak up the snow buffett number one"Buy xinchao industry?From hubei fine nine/Shenzhen Carlyle to"Soak up the snow buffett number one"Investment adviser jiangsu soak up the snow(At that time did not disclose),Back then the three intimacy for brand cooperation,Today into the quarrel.

　　

85后山寨大佬“现形记” After two 85 fortress"Written in the sky"

　　湖北省荆门市公安局的一纸立案书，牵出天津信托“沐雪巴菲特一号”投资顾问江苏沐雪涉嫌诈骗，以及天津信托与深圳凯雷的纠纷内情。

People in jingmen, hubei province public security bureau of a paper put on record book,Pull out tianjin trust"Soak up the snow buffett number one"Investment adviser jiangsu soak up the snow suspicion of fraud,And tianjin trust and shenzhen Carlyle disputes inside.

　　2013年2月1日，天津信托发布《关于“天信沐雪巴菲特一号证券投资集合资金信托计划”突发事件情况的通告》，称该公司于1月31日收到《立案决定书》复印件，内容为“沐雪巴菲特一号”的投资顾问江苏沐雪信息科技有限公司（下称“江苏沐雪”）受到湖北荆门市公安局东宝分局的调查。

On February 1, 2013,Tianjin trust release[about"Day letter soak up the snow buffett a number of securities investment trust plans of assembled funds"The emergency notice],The company said on January 31, received[Filed decision]copy,Content for the"Soak up the snow buffett number one"Investment advisor jiangsu soak up the snow information technology co., LTD(Hereinafter referred to as"Jiangsu soak up the snow")Hubei province public security bureau by jingmen branch east treasure survey.

　　上述公告首次披露了“沐雪巴菲特一号”的详细情况：成立于2012年11月27日，规模为人民币6亿元，由优先级委托人中国银行上海分行认购39980万元，次级委托人深圳凯雷认购20000万元，投资顾问为江苏沐雪。

The above notice revealed for the first time"Soak up the snow buffett number one"details:Established in November 27, 2012,The scale of RMB 600 million,The priority client bank of China Shanghai branch subscribe for 399.8 million yuan,Secondary client shenzhen Carlyle subscribe for 200 million yuan,Investment adviser for jiangsu soak up the snow.

　　公告称，今年1月28日至29日，有来自湖北精九的人员向天津信托反映，深圳凯雷的执行合伙人变更为深圳沐雪和广东鸿远，要求由其代替江苏沐雪担任投资顾问。同时，湖北省荆门市公安局以江苏沐雪涉嫌诈骗为名，向公司调取该信托计划相关材料。

Announcement to say,In January, and to 29,From hubei fine nine personnel to tianjin trust reflect,Shenzhen Carlyle execution partner change for shenzhen soak up the snow and guangdong hon far,Requirement by its instead of jiangsu soak up the snow as an investment consultant.At the same time,People in jingmen, hubei province public security bureau to jiangsu soak up the snow under suspicion of fraud,To the company obtained the trust plan related materials.

　　1月30日，深圳沐雪委派代表及江苏沐雪代表律师赴天津信托与湖北精九、广东鸿远代表进行会谈，各方表示拟召开深圳凯雷全体合伙人大会以解决纠纷。1月31日，湖北精九、广东鸿远方面20余人来到天津信托门前路边，打横幅、占路，以示投诉与抗议。

On January 30,Shenzhen soak up the snow appointed representatives and jiangsu soak up the snow solicitor to tianjin trust and hubei fine nine/Guangdong is the representative for talks,The parties expressed quasi held shenzhen Carlyle all the partners meeting to resolve the dispute.On January 31,,Hubei fine nine/Guangdong in the far more than twenty people came to tianjin trust in front of the side of the road,Play banner/Way of,As complaints and protests.

　　但至此，天津信托在公告中都对为何引发纠纷讳莫如深。

But so far,Tianjin trust in the announcement is why cause disputes to keep secret.

　　而网上已有举报函振振有词地提出：江苏沐雪作为一家毫无证券从业资格的公司，利用和天津信托之间的关系，借助“沐雪巴菲特”系列信托产品的平台，让客户下挂所谓的客户端，从中筹划非法侵占挪用信托资金，客户资金1.4亿元被分别拆借给王伟成、王远青、向黎军等若干身份不明人员。经报案，涉案的沈小平（江苏沐雪实际控制人）、曹姗（江苏沐雪法人）已于1月31日因涉嫌经济诈骗被湖北警方刑事拘留。

And the Internet has been put forward in reporting function:Jiangsu soak up the snow as a no securities practice qualification of the company,Using the relationship between trust and tianjin,With the aid of"Soak up the snow buffett"Series of trust product platform,Let the customer hang under the client,From planning illegal embezzled trust funds,Customer capital of 140 million yuan were lending to WangWeiCheng/WangYuanQing/LiJun etc to some unknown identity personnel.The report,ShenXiaoPing involved(Jiangsu soak up the snow actual controller)/CaoShan(Jiangsu soak up the snow legal person)Already on January 31, for suspected economic fraud by hubei police criminal detention.

　　这里出现了两个人物沈小平、曹姗，其与江苏沐雪、深圳凯雷有何关联？公开资料显示，江苏沐雪注册于2012年2月20日，注册地江苏南京，法定代表人为曹姗。

There appeared two characters ShenXiaoPing/CaoShan,The jiangsu soak up the snow/Shenzhen Carlyle relate to?Public data shows,Jiangsu soak up the snow registered in February 2012 twenty days,Registered in nanjing, jiangsu,The legal representative of CaoShan people.

　　另查工商资料显示，深圳凯雷成立于2012年7月11日，同年11月6日，执行合伙人由曹姗变更为深圳沐雪股权投资管理有限公司。在2012年8月17日前，深圳沐雪由曹姗和沈小平分别同比例出资5万元成立。此后，曹姗追加490万，持股比例增加到99%，深圳沐雪的注册资本也增至500万元；沈小平出资额不变，持股比例由50%降至1%。

Check the other commerce data shows,Shenzhen Carlyle was founded in July 11, 2012,On November 6,,Execute partner by CaoShan change for shenzhen soak up the snow equity investment management co., LTD.In August 2012 and recently,Shenzhen soak up the snow by CaoShan and ShenXiaoPing with proportion respectively established invested 50000 RMB.Since then,CaoShan additional 4.9 million,Shareholding ratio increased to 99%,Shenzhen soak up the snow to the registered capital is 5 million yuan;The same ShenXiaoPing contribution,Shareholding ratio by 50% to 1%.

　　据前述资本圈人士透露，沈小平出生于85、86年，自称留美博士，旗下包括华平（中国）投资管理集团等多家公司，“曹姗一般负责财务、沈小平则作为老板出现。”

According to the capital circle sources,ShenXiaoPing was born in 85/In 86,,United States to Dr,Including warburg pincus's(China)Investment management group and so on many companies,"CaoShan are generally responsible for financial/ShenXiaoPing is taken as a boss appear."

　　

中行竟然是“沐雪巴菲特一号”认购人 Bank turned out to be"Soak up the snow buffett number one"underwriting

　　据天津信托披露资料，“沐雪巴菲特一号”的优先级委托人中国银行上海分行认购39980万元。查银监会相关法规，一家国有银行分支机构竟能参与结构化信托产品投资？

According to tianjin trust disclosure of information,"Soak up the snow buffett number one"The priority of the bank of China Shanghai branch subscribe for 399.8 million yuan.Check the CBRC related laws and regulations,A state-owned bank branches could participate in structured investment trust products?

　　“沐雪巴菲特”究竟是门什么生意？“沐雪巴菲特一号”又为何出现纠纷？据举报函的说法，投资人投入信托的资金被非法转移。

"Soak up the snow buffett"What is what door business?"Soak up the snow buffett number one"And why the dispute?According to the report of the letter said,Investors into the trust fund was illegal transfer.

　　而天津信托相关公告则称，信托计划目前运行正常，截至1月25日该项目净值1.0797元，项下信托财产处于增值、安全状态。正进一步落实投资顾问当前情况。

And tianjin trust related announcement, said,Trust plan now operating normally,By January 25 the project net worth 1.0797 yuan,Under a trust property in appreciation/Safety status.Is further implement investment consulting the current situation.

　　事实上，据记者了解，此前沈小平所策划的“沐雪巴菲特”系列信托产品至少有两期：第一期已发行，即“沐雪巴菲特一号”，实际资金额为6亿元，但宣传资金额为30亿；第二期正在筹备，宣传资金额达到60亿。

In fact,According to reporter understanding,ShenXiaoPing previously planned"Soak up the snow buffett"Series of trust products at least two period:The first period issued,namely"Soak up the snow buffett number one",The actual capital amount is 600 million yuan,But propaganda capital amount for 3 billion;The second phase is preparation,Propaganda capital amount to 6 billion.

　　关于二期信托，在天津信托的公告中也有提及，但耐人寻味的是，明显有撇清关系之嫌。该公司2月5日称：我公司正式发行设立的仅有“沐雪巴菲特一号”，关于“沐雪巴菲特二号”信托计划尚未设立，亦未对外签署任何协议，也未收取信托资金。

The second phase of the trust,In tianjin trust in a notice also have mentioned,But intriguing is,There was an obvious skim clear relationship too.The company on February 5 says:I set up the company issued only"Soak up the snow buffett number one",about"Soak up the snow buffett number two"The trust plans have not set up,Also not foreign signed any agreement,No charge trust funds.

　　这么多资金用来做什么？“主要是用于股票配资。”前述人士对记者说。这一点可在湖北精九举牌新潮实业的案例中获得佐证。

So much money used to do???????"Is mainly used to share information with."The people said to reporters.This can be in hubei fine nine for brand xinchao industry cases get evidence.

　　“沈小平觉得利用信托平台作股票配资的生意是一次金融创新，因此希望快速放大规模，吸引合作伙伴。”前述人士说，“中国银行上海分行是他的资金来源。”

"ShenXiaoPing think using trust platform for stock information with the business is a financial innovation,So hope rapid amplification scale,Attract partners."People said the,"The bank of China Shanghai branch is his capital source."

　　据天津信托披露资料，“沐雪巴菲特一号”的优先级委托人中国银行上海分行认购39980万元。查银监会相关法规，一家国有银行分支机构竟能参与结构化信托产品投资？记者尚无法与其取得联系进行采访。

According to tianjin trust disclosure of information,"Soak up the snow buffett number one"The priority of the bank of China Shanghai branch subscribe for 399.8 million yuan.Check the CBRC related laws and regulations,A state-owned bank branches could participate in structured investment trust products?Reporter is still unable to contact the interview.

　　眼下，湖北精九为何突然与江苏沐雪（实际是沈小平）翻脸？是否如举报材料所言，江苏沐雪擅自将其资金转移？天津信托在其中扮演怎样角色？这些问题仍待更多调查方能明确。

the,Hubei fine. Why suddenly and jiangsu soak up the snow(Is actually ShenXiaoPing)Fall out?Whether such as material report said,Jiangsu soak up the snow will be without the money transfer?Tianjin trust in them how to play the part?The problem is still to be more research can clear.

　

　或成齐能化工“第二” Or into neat to chemical industry"The second"

　　从对新潮实业举牌时的“光芒四射”，到被指诈骗犯罪及相关人员被刑拘，“沐雪巴菲特一号”在资本市场并非首例。金融创新结合资本市场举牌的形式，为何屡屡涉及诈骗犯罪？个中缘由，值得投资者深思；如何防控，尤需监管部门重视。

From the fashion industry for the brand"Ray of light",To be refers to fraud crime and related personnel were XingJu,"Soak up the snow buffett number one"In the capital market is not the first.Financial innovation combined with capital market for the form of brand,Why often involves fraud crime?Chinese reason,Worth investors ponder;How to control and prevention,Especially need to pay more attention to the supervision department.

　　查资料，去年11月27日，天津信托发布“沐雪巴菲特一号”信托计划成立公告，其中介绍：该信托计划于2012年11月12日开始发售，2012年11月26日募集结束；期限一年；已具备信托文件约定的成立条件，于2012年11月27日正式成立。

Check material,Last November 27,,Tianjin trust release"Soak up the snow buffett number one"Trust plan announcement was established,The introduction:The trust plan in on November 12, 2012 began to put on sale,On November 26, 2012 to raise end;A term of more than one year;Has established the trust documents prescribed conditions,On November 27, 2012 formally established.

　　由此可知，“沐雪巴菲特一号”成立后仅五日，即在二级市场收购新潮实业股份。手法之猛烈，引起市场强烈关注。事后回看，这次举牌的意义耐人寻味。“一号信托计划的发行不甚理想，他们希望市场更关注这种模式，方便二号计划的融资与发行。”前述资本圈人士说。

Thus it can be seen,"Soak up the snow buffett number one"Only five days after the establishment,Or in the secondary market purchase xinchao industry shares.Technique violent,Cause the market strong concern.Afterwards looked back at,The lift brand meaning afford for thought."A trust plan, the issue is not very ideal,They hope the market pay more attention to this model,Convenient 2 plan financing and distribution."The capital circles said.

　　再看一个同类举牌案例。因2010年和2011年分别从二级市场大举买入ST长信和ST天宏，号称要打造“全国最大私营石化集团”的“山东富豪”刘潮山家族一度成为资本市场上的“红人”。然而，这个家族更是让当地震动：刘潮山之子刘迪及其旗下核心企业齐能化工核心高管被公安机关刑拘，原因是刘潮山家族疯狂集资涉及金额或高达30余亿元，被牵扯其中的投资者或将数以万计。

To see a similar case for brand.For 2010 and 2011, respectively from the secondary market to buy large ST long letter and ST days macro,Claims to make"The largest private petrochemical group"of"Shandong rich"LiuChao mountain family had become a capital market"reds".however,The family is to let the local vibration:The son of LiuChao mountain LiuDi and its core enterprise together can chemical core executives by the public security organs of XingJu,The reason is LiuChao mountain family crazy funding involved in amount or as high as one hundred million yuan more than 30,Be in one of the investors or the tens of thousands of.

　　资料显示，2010年8月至12月，齐能化工先后斥巨资1.2亿元分批买入ST长信873.69万股，持股超过上市公司总股本的10%。2011年8月4日-2011年10月21日，刘迪控制的另一家公司英图石油通过二级市场集中竞价交易大举买入ST天宏408.52万股，占该公司总股本的5.09%。

Data shows,In August 2010 to December,Qi can chemical successively denounce is gigantic endowment 120 million yuan batch buy ST long letter 8.7369 million shares,Holding more than 10% of the total equity of the listed company.On August 4, 2011 - on October 21, 2011,LiuDi control another company British chart oil through the secondary market centralized competitive trading massive buying ST days macro 4.0852 million shares,For the 5.09% of the total equity of the company.

　　从目前公安机关披露材料看，刘潮山家族的集资手段是编造合作项目（石化项目等）拉投资人入伙，同时承诺高额回报（月息从4%到8%不等）。

From the public security organs disclosure materials to see,LiuChao mountain family financing means is made up cooperation projects(Petrochemical projects)Pull investors get on board,At the same time promised high returns(Monthly interest range from 4% to 8%).

　　这一模式如何与举牌ST长信、ST天宏联系起来？据介绍，起初刘潮山家族按时付息，待投资人尝到甜头后，再虚假宣传“公司将要上市”等消息吸引投资人追加投资或拉拢亲属加入，融资雪球由此越滚越大。而每当投资者有疑惑时，刘潮山家族便以举牌进而控股上市公司的事情做幌子，使别人相信他们完全有实力兑现收益。

The model how to lift brand ST long letter/ST days macro connected?According to introducing,At first LiuChao mountain family interest on time,For investors after taste blood,Then the false propaganda"The company will be listed"And news attract investors additional investment or gain relative to join,The more the greater the financing snowball rolling.And when the investors have doubts,LiuChao mountain and family for brand and then holding listed companies things a cover,Make others believe that they completely have the strength to cash income.