985 Returned Professor Li Zi suspected to have fled with 20 million yuan

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Li Zi sells education services as a professor and returnee from a prestigious university. He was accused of running away with two companies. The case involved approximately 20 million yuan and affected more than 1,300 families. Tianjin University has fired him and held him accountable.

Holding the title of “985 Returned Professor” and relying on live broadcast salesfurther education Li Ze, an Internet celebrity who has become popular for his services, was recently exposed for allegedly running away with two affiliated companies. Their offices have been emptied, their staff have been laid off, and vast numbers of parents are unable to get help after paying their bills. According to preliminary data, more than 1,300 homes have been affected, and the amount involved is about 20 million yuan. Tianjin University confirmed on the 9th that Li Zi had been dismissed and would no longer serve. The school will fulfill its legal responsibilities.

According to reports by Dafeng News and Blue Whale News, Li Zeyuan is an associate professor at the School of Architecture of Tianjin University.Singapore Doctoral degree from National University. In July 2024, he quit his job and started his own business. He ran a college admission planning business as “985 Returned Professor” and urged parents to make purchases through live broadcast.College entrance examination Volunteer Application, Postgraduate Entrance Examination and Postgraduate Guarantee Services. Fees for related products are higher. The college entrance examination application fee is about 8,000 to 14,000 yuan, and the postgraduate guarantee service is from 90,000 to 380,000 yuan. Some parents even spend 350,000 yuan to buy the “Qingbei Postgraduate Guarantee” plan.

Some operators even pre-sell college admission services several years in advance. The parents of a junior high school student spent 8,980 yuan to purchase products to fill out the 2031 college entrance examination application form. Many parents said they were initially willing to pay the higher fees because of Li Zi’s position as a professor and his background at a prestigious school. Unsurprisingly, they were unable to contact customer service afterward.

The incident involved Wuhan Xuecheng Siyuan Technology Co., Ltd. and Beijing Qihang New Future Technology Co., Ltd. Wuhan Xuecheng Siyuan fired about 120 to 130 employees in August this year, accused them of owing more than 3 million yuan in salaries to full-time and part-time teachers, and closed their offices. Beijing Qihang New Future later reported mass layoffs and office relocation, and parents visited the original location and found that the building was empty.

Li Zi once denied running away during a live broadcast, saying that Wuhan Xucheng Siyuan was not his company and Beijing Qihang New Future was still operating normally. He made relevant allegations against rivals and resigned employees for spreading rumours. However, many employees claimed that Li Zi has long used live broadcast to attract traffic to the company, and his business is closely linked to the company’s sales. Equity information also shows that he holds about 28.4% of Beijing Qihang New Future’s shares.

Apart from this, the resigned employees also accused the Wuhan company of working beyond the scope of its business. Some of the course’s questions were answered part-time by college students without teaching qualifications, and staff were owed salaries. The relevant allegations and whether the company has violated regulations are still pending investigation and clarification by the competent authorities.

Tianjin University said on November 5 that it had filed a reputation violation lawsuit against Li Ze and two affiliated companies, and had launched an administrative investigation against Li Ze. On the 9th, the school further confirmed that Li Ze had been fired. His account “985 Returned Professor Lectures on Study” with 620,000 fans was banned, and his trumpet was also banned.

Currently, many parents have formed a rights protection group. Some are preparing to file a lawsuit, while others are gathering evidence and considering reporting the matter to the police.

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