Ms. Wang, who is nearly 70 years old, spent more than 900000 yuan on financial investment. After the product expired, the investment company not only did not pay principal and interest, but also "tricked" Ms. Wang into converting the financial investment funds into equity of overseas companies, gradually "diluting" Ms. Wang's funds during the conversion process. Ms. Wang sued the court for investment funds. On January 20th, the reporter learned from the Fourth Intermediate People's Court of Beijing that the court has concluded the second trial of this case involving elderly investment and financial management. After two trials, Ms. Wang's claim to recover over 900000 yuan in investment funds was ultimately supported by the court. In 2015, Ms. Wang invested over 900000 yuan in Shanghe Company and agreed to repay the principal and interest upon maturity. All investment funds were collected by Lin, the actual controller of Shanghe Company. The agreed deadline for 2016 has arrived, and Ms. Wang requested repayment. Lin persuaded Ms. Wang to sign an agreement with Jincheng Company, a company registered overseas, to convert the outstanding debt of over 900000 yuan into 90000 shares of Jincheng Company, and promised that Jincheng Company would complete its listing on the capital market of its country within a certain period of time. Lin also stated in the agreement that if the company fails to go public on time, it will repurchase the corresponding equity and pay the equity premium to Ms. Wang. Ms. Wang signed this equity transfer agreement. Afterwards, Jincheng Company did not actually complete its capital market listing, and Ms. Wang did not obtain any stock certificates. In 2022, Ms. Wang once again demanded the debt from Ms. Lin, who convinced her to sign an equity transfer agreement with her indirectly controlled company, Xingxing Company. Xingxing Company would acquire Ms. Wang's equity in Jincheng Company and pay her the equity transfer fee. However, the converted equity price this time decreased by more than 300000 yuan. In order to retrieve her retirement funds, Ms. Wang signed an equity transfer agreement with Star Company, but Star Company ultimately failed to fulfill its payment obligations. Helpless, Ms. Wang sent a lawyer's letter to Star Company, proposing to terminate the equity transfer contract between the two parties and file a lawsuit with the court. The second trial found that although Ms. Wang signed an equity transfer agreement with Xingxing Company, the equity involved in the case was not transferred. Jincheng Company did not go public at the agreed time and did not pay the relevant equity certificates to Ms. Wang. In the end, the Beijing Fourth Intermediate People's Court ruled that Lin must pay Ms. Wang more than 900000 yuan for the repurchase of equity and the corresponding equity premium. The presiding judge of the case, Wang Xiang, reminded that some elderly people may fall into a chain of financial traps by blindly buying foreign company equity without understanding English or how it is traded. (New Society)