在2025年2月，有多位網友爆料指出，王政源利用自身的網絡影響力，開設多個收費粉絲群，以帶人炒股為誘餌，向加入者收取每人三萬至十五萬元不等的入群費用，累計規模超過兩千萬元。群內推薦的股票往往存在高位接盤、流通盤較小等風險，有時他甚至直言“無腦買入”“我是莊家”，吸引投資者跟進。自2022年底以來，許多遭受巨額虧損的投資人要求退費，王政源一度承諾“賣車退款”，但實際上僅有部分人獲得一萬至十萬元不等的退款，退費進度緩慢，引發廣泛不滿。

據報導，王政源在接受媒體採訪時透露，自己親生母親是一位女強人，擁有一家名為「北京泛華國金工程諮詢有限公司」的工程諮詢公司。他在案件執行中的身份證號碼以「130」開頭，顯示為河北人。他曾透露父母均出身辛苦，從河北唐山考到北京，並曾在中建系工作後創業，最終因意見不合而離婚。

2025 年2月底，王政源回應媒體時表示，自2024年10月21日起，已接受北京證監局調查。然而，事態發展至2026 年3月23日，據央視財經報導，王政源因非法薦股被判處有期徒刑兩年六個月，並處罰金一千五百萬元。報導指出，他在社交平台上展示的豪車、名表以及私人會所等，實際上均為租賃所得，而他向投資者提供的所謂“內幕消息”也多為自行編撰，與真實市場信息無關。這起案件揭示網絡影響力被濫用、投資者信任被侵害的現象，也讓社會再次對非法薦股及虛假宣傳保持高度警惕。

In February 2025, multiple netizens reported that Wang Zhengyuan was exploiting his online influence by creating several paid fan groups, using stock trading as bait. He charged members between 30,000 and 150,000 yuan to join, with total fees exceeding 20 million yuan. The stocks recommended within these groups often involved buying at high points or investing in low-liquidity shares, and he sometimes explicitly told participants to “buy blindly” or claimed, “I’m the market maker,” encouraging them to follow his lead. Since late 2022, many investors who suffered significant losses requested refunds. Wang Zhengyuan initially promised to “sell cars to issue refunds,” but in reality, only a portion of investors received refunds ranging from 10,000 to 100,000 yuan, and the refund process was slow, causing widespread dissatisfaction.

According to reports, Wang Zhengyuan revealed in interviews that his biological mother is a successful businesswoman who owns an engineering consulting firm called “Beijing Fanhua Guojin Engineering Consulting Co., Ltd.” His ID number begins with “130,” indicating he is from Hebei province. He also stated that both of his parents came from humble backgrounds, moved from Tangshan, Hebei to Beijing, and previously worked in the China State Construction system before starting their own business. His parents eventually divorced due to differences of opinion.

By the end of February 2025, Wang told the media that he had been under investigation by the Beijing Securities Regulatory Bureau since October 21, 2024. However, on March 23, 2026, CCTV Finance reported that Wang Zhengyuan was sentenced to two years and six months in prison for illegal stock recommendations and fined 15 million yuan. The report highlighted that the luxury cars, watches, and private clubs he displayed on social media were all rented, and the so-called “insider information” he provided to investors was fabricated rather than genuine market data. This case exposed the abuse of online influence and the exploitation of investors’ trust, serving as a stark warning against illegal stock promotion and false advertising.