Photovoltaic Agricultural Retirement Income Rights Scam: Fake Agro-Voltaic Share Crowdfunding Extorts Elderly Savings

Who Gets Targeted

The victims are predominantly retired individuals over sixty years old and left-behind seniors in county-level areas, along with some urban migrant seniors. Generally lacking new energy and financial common sense, they lack the ability to judge high-sounding concepts such as agro-voltaic complementarity and income-right shares, and are hit by elderly anxiety over promises of monthly dividends, principal-guaranteed interest returns, and priority nursing beds. Many live alone or without their children nearby, desiring to ease their children's burden through stable income while developing trust in sales representatives met at community activities, ultimately converting their savings or even real estate into cash investments.

骗局怎么运作

• Register shell companies with names similar to regular new energy companies, rent small plots of land in rural areas or borrow abandoned agricultural greenhouses, set up a small number of photovoltaic panels and simple facilities, and film videos of agro-voltaic complementary projects, claiming to possess an installed capacity of hundreds of megawatts to construct a reliable project foundation.
• Distribute prizes such as eggs, rice, flour, and free medical checkup vouchers in communities, food markets, and senior activity centers to attract seniors to the venue. Sales representatives then make follow-up home visits posing as elderly care stewards or green energy promotion officers, explaining national policies, subsidy dividends, and the stable-yield logic of agro-voltaic complementarity to lay the groundwork for a trust relationship.
• Organize sales presentations or base tours, using microphones, banners, and PPT displays showing power station yield curves, fake red-header documents, and forged award-conferring ceremonies to claim that the project has landed and been connected to the grid. Investments starting from 5000 yuan allow the purchase of income-right shares, yielding 8% to 12% monthly returns with principal refunded upon maturity.
• Induce seniors to sign income-right share agreements or elderly care pre-sale contracts containing embedded, ambiguous authorization and repurchase clauses. Core rights and obligations point to a shell company, with funds entering personal or associated accounts rather than a regulatory account. After funds arrive, a portion of the returns is used as bait to extend the renewal cycle.
• Expand the referral chain through mechanisms such as returning commissions for recruiting people, rewarding eggs for bringing in new clients, and offering thousands of yuan for referrals, creating an atmosphere that people around are investing. For seniors who harbor doubts, repeatedly send summer gifts and make caring phone calls to block family reminders, forming emotional kidnapping until the capital chain breaks and operators disappear.
• In the later stages, delay interest returns and refunds using excuses such as indicator adjustments, grid connection delays, and government acceptance, demanding seniors make additional investments to unfreeze shares, and transfer assets to associated accounts before changing company addresses and losing contact with responsible persons, leaving victims with no recourse for recovery, difficult rights protection, and unable to quickly seize executable property.

红旗信号（看到这些快跑）

• 🚩 Promotional slogans feature words like principal-guaranteed interest returns, stable yields, high returns with zero risk, government endorsement, and national subsidy backing, yet cannot produce original or official seal-stamped copies of NDRC filing documents and grid connection agreements.
• 🚩 The entity corresponding to the income-right share agreement is a newly established shell company with extremely low or paid-in registered capital, frequently changing shareholders and executives, and a registered address inconsistent with or frequently relocating from the actual project address.
• 🚩 Fund payment accounts are personal accounts or non-corporate accounts, the payee in the contract is inconsistent with the project party, bank capital regulatory accounts are not used, and only ordinary receipts rather than formal invoices are issued after collection.
• 🚩 Sales representatives visit with gifts of eggs and rice, free medical checkups, and travel vouchers, making frequent caring inquiries while deliberately avoiding the presence of children, emphasizing that this is an internal quota and not to be told to family members, and contacting so-called old clients to speak from experience when seniors hesitate.
• 🚩 Sales presentations display forged news clips, leadership group photos, red-header documents, and award banners. Contract terms signed on site are ambiguous, repurchase conditions are complicated, key figures are altered or left blank, and seniors are not allowed to take contracts away for photography.

真实案例

• In February 2026, according to Tencent News, a 72-year-old invested 300,000 yuan in a so-called elderly care project. The project party used stable interest returns and priority nursing beds as bait, and the elderly woman was ultimately informed that not a penny was left, with the whereabouts of the funds unknown and no recourse for rights protection.
• In March 2026, according to Sina Finance, in a senior apartment scam in Xiangxiang City, Civil Affairs Bureau officials participated in handling the senior apartment project, with 7,900 investors involved in 672 million yuan of funds. Seniors faced difficulties with banks having priority satisfaction during rights protection, making recovery challenging.
• In May 2022, the Public Security Bureau of Baotou City, Inner Mongolia Autonomous Region, filed and investigated a case of suspected illegal absorption of public deposits involving Wang et al.: Wang and others launched a principal-returning, interest-paying cemetery sales model lasting 1 to 5 years under the name of a funeral service company they actually controlled. By the time the case was uncovered, a total of over 70 million yuan had been absorbed involving more than 800 participants, among whom elderly people over 60 accounted for 80%. Public security organs arrested 11 individuals including Wang. (Source: [https://news.cctv.com/2025/08/11/ARTI3QX3hlo1APN2E9S4y1ho250811.shtml](https://news.cctv.com/2025/08/11/ARTI3QX3hlo1APN2E9S4y1ho250811.shtml))
• In f, the Public Security Bureau of Feidong County, Anhui Province, cracked an illegal fundraising case: lawbreakers promoted membership cards such as Fu, Lu, and Shou for senior apartments to the elderly, promising that even without moving in, they could enjoy a 10% annual interest rate. Under the temptation of high-interest dividends and free trials, 95 seniors invested nearly 7 million yuan in total, and the promised interest was never paid. (Source: [https://news.qq.com/rain/a/20260206A039M300](https://news.qq.com/rain/a/20260206A039M300))
• In March 2026, according to Sina Finance, an illegal fundraising case under the name of a senior apartment in Xiangxiang, Hunan involved an amount as high as 672 million yuan, with as many as 7,900 victimized seniors. Relevant personnel even included Civil Affairs Bureau officials, and seniors encountered bank priority compensation difficulties during rights protection. (Source: [https://finance.sina.com.cn/roll/2026-03-30/doc-inhsueey6431215.shtml](https://finance.sina.com.cn/roll/2026-03-30/doc-inhsueey6431215.shtml))

Official Stance

• On June 27, 2025, the Working Leading Group Office for Preventing and Combating Illegal Financial Activities of Fujian Province issued the 'Risk Warning on Preventing Illegal Fundraising in the Elderly Care Sector', reminding vigilance against behaviors of absorbing funds by promising returns under the guise of elderly care services, elderly care projects, senior apartments, etc.
• On August 11, 2025, the Ministry of Public Security released 5 typical cases of illegal fundraising crimes in the elderly care sector, pointing out that illegal fundraising implemented under the guise of elderly care services, elderly care projects, and housing-backed elderly care shows trends of diversified camouflage and expanding victim groups, reminding seniors to be vigilant against high-yield promises.
• On February 9, 2026, the Financial Committee Office of the Hubei Provincial Committee of the CPC released 'The Shattered Dream of 'Happy Late Life' Investment: Warning Cases of Illegal Fundraising', prompting the identification of scam characteristics that absorb public funds under the names of elderly care investments, stable interest returns, and high returns.

How to Protect Yourself

• ✅ For any new energy or elderly care project claiming principal-guaranteed interest returns and stable yields, first log into the National Enterprise Credit Information Publicity System to check the company's registration date, registered capital, paid-in situation, shareholders, executives, and abnormal business operation records. Stop immediately if there are doubts, with a key focus on investigating whether shareholders simultaneously control multiple similar rebate companies.
• ✅ Require the project party to produce county-level NDRC project filing documents, land approval from natural resource departments, and grid-connection agreements from power grid companies, and verify them through official telephone numbers of competent authorities. If the other party refuses to provide originals or delays, immediately terminate contact.
• ✅ Fund payments must go through corporate accounts and require regular invoices. Refuse personal account collections, do not sign ambiguous contracts, and do not sign authorization or direct-debit clauses. Before signing, hand the full text of the contract to children or lawyers to read item by item, and consult a notary office or community legal aid point when necessary.
• ✅ When encountering sales representatives making home visits with eggs and rice, making frequent inquiries, obstructing communication with family members, and emphasizing internal quotas that should not be leaked, immediately raise vigilance and call the local financial regulatory bureau or the economic investigation department of the public security organ to verify anti-fraud information, or call 12337 to report.