For over a decade, Wang Zhi, the director of Beijing Qunyi Law Firm, has been using the method of “litigation preservation” to absorb funds from the society and provide monthly returns. In early December 2025, he went missing. Currently, the principal amount of the remaining loan contracts exceeds 900 million yuan, with a significant portion of the victims being retired elderly people in Beijing.
According to a report from “The First Financial Daily” on January 8, for more than a decade, Wang Zhi has promoted his business through the “litigation preservation” service, attracting funds from the society by signing family legal service contracts and high-interest loan contracts, offering monthly returns. He also used methods like lottery draws to entice lenders to invest more principal.
In early December 2025, lenders found that their interest payments were not credited on time. Wang Zhi suddenly cut off contact with them and blocked them. It is reported that there are already hundreds of registered lenders, with the remaining principal amount of loan contracts exceeding 900 million yuan, which was transferred to accounts controlled by Wang Zhi. Many of the victims are retired elderly people in Beijing, some of whom invested their pensions, relocation compensation, stock investments, children’s marriage funds, and even sold their homes to participate in the scheme.
Currently, the law firm has reported the case, and the Economic Investigation Team of Haidian District, Beijing, has accepted it and started registering the lenders. Some employees of the law firm have already been detained.
The report indicates that legal professionals believe that the “litigation preservation” model concocted by Wang Zhi is full of loopholes and ultimately amounts to a Ponzi scheme. Regarding this, Lawyer Cheng Ruling from Hubei Fuxi Law Firm mentioned to the media that based on the available information, the litigation preservation business of Qunyi Law Firm is likely to be fictitious.
Public records show that litigation preservation refers to the compulsory measures taken by the court to prevent a party’s actions or other reasons from rendering a valid judgment unenforceable or difficult to enforce during civil litigation processes. It aims to safeguard the party’s assets or prevent loss, based on the party’s application or the court’s authority, to ensure that future judgments can be effectively enforced. It mainly includes property preservation, conduct preservation, and evidence preservation.