White Jun Law Firm.
After discussing the case in greater depth with Jiang Wei and securing authorization to represent him,
Su Bai and Li Xuezhen began preparing how to handle the case through legal means, fulfill their clients' claims, and recover their principal.
Judging from the information disclosed online about Laihai Bank, the bank had not been established for very long.
It did not have particularly substantial funds.
It could only be considered an ordinary small local bank.
It did not even qualify as a city bank.
City banks at least had the backing of administrative departments. Small banks like this generally had no significant backing.
Laihai Bank's fundraising this time had mainly targeted people online, with a third-party platform displaying the bank's wealth management products.
High investment returns and generous interest rates had attracted investors and people looking to manage their money.
It was a form of cooperation between the third-party platform and the bank.
People who had purchased Laihai Bank's wealth management products could be found all across the country.
This had created a situation where wealth management products were being purchased across regional boundaries.
Earlier, when the bank had been unable to pay out, quite a few people had traveled to Upper Capital from various places, found Laihai Bank's physical branches, and asked how this matter would be handled.
They had asked why the wealth management products they had purchased online could not be redeemed.
Why had no explanation been given?
However, all these people had been brushed off. The bank's physical branches had merely told those who came to inquire that they did not know about the situation either. Since the products had not been purchased at their branches, they were not responsible.
They could only look up the relevant information for wealth management products purchased