Shenfang manager involved in real estate speculation category false advertising fined 2 million yuan

2022-05-06 0 By

Market Supervision Administration of Shenzhen Municipality announced the first batch of typical cases of false and illegal advertising in 2021. Among the 16 cases published, the false advertising of real estate speculation of Shenzhen Real Estate management was fined 2 million yuan, the highest penalty case.According to the introduction, in the illegal advertising case of Shenfang Information Technology (Shenzhen) Co., LTD., the parties mainly engaged in real estate investment consulting and financial consulting services, published the so-called real case of buying a house through social platforms, attracted fans to buy members, and guided members to buy a house and speculation through agency holding, partnership, loan raising and other ways.The case of “set the target, first earn 10 million” released by the party concerned cannot provide evidence to confirm the authenticity of the advertisement content, nor can it provide relevant information or clues for the administrative authorities to investigate and verify its authenticity.Shenzhen Market inspection Bureau ordered the party concerned to immediately stop publishing illegal advertisements and imposed a fine of 2 million yuan.Source: