Man with cancer hides wealth, uses $97K in donations to buy flat
A 29-year-old cancer patient in China who sought to raise 900,000 yuan (US$125,000) online for medical treatment has sparked suspicions of embezzlement after he posted photos of a new flat. The post came shortly after he had raised more than 700,000 yuan (US$97,000) in just a few days.
The man, surnamed Lan, from Yichang in Hubei province, central China, was diagnosed with Hodgkin’s lymphoma, a rare cancer, and began his fundraising campaign on a popular crowdfunding platform on October 14.
Doubts surfaced among donors regarding Lan’s financial transparency when, on November 6, he shared images of a newly bought flat in a group chat, claiming that the crowdfunding effort brought in more than 700,000 yuan in just a few days.
The group message also shows Lan claiming: “This is my new home, total price 738,000 yuan,” raising suspicions of fund embezzlement. Compounding the concerns, a previous marriage advertisement posted by Lan disclosed that his family owned multiple properties, including two residential flats valued up to one million yuan (US$140,000).
The family also owned commercial property worth more than 3.8 million yuan generating 145,000 yuan in annual rental income. However, his profile on the crowdfunding platform listed only a single property valued between 300,000 and 500,000 yuan (US$40,000 and US$70,000) and a car he claimed was “up for sale”. As a result the crowdfunding platform terminated Lan’s channel on November 7, by which time he had received more than 270,000 yuan from 4,536 contributors. Lan later claimed that he deposited 200,000 yuan from the donations into a fixed-term savings account.
In accordance with platform rules, all funds raised by Lan, totalling 278,204 yuan, have been fully recovered and will be refunded to the donors.
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