The boss of Qingdao Jinhui Fangyuan ran away. According to the query of relevant information, in mid-July 2022, the company's companies in more than ten provinces, including Qingdao, Jinan, Yantai, Rizhao, Jimo, Weifang, and other provinces, all closed down overnight. The company's legal representatives Zhu Yuhua and All the executives fled without a trace, and most of the leaders could not be contacted and refused to show up. As a result, about 7,000 investing families were ruined and their families were destroyed. The amount raised was about 3 billion.