Zhou Shiping, China Hongling Chuang Investment Director, known as the "Godfather of the Online Loan", was sentenced to a life -freeimprisonment.
According to the WeChat public account of the Guangdong Higher People's Court, the Shenzhen Intermediate People's Court was sentenced to publicly pronounced publicly on the first instance of the Zhou Shiping's illegal fund -raising case on Thursday (December 7).Zhou Shiping was convicted of fund -raising fraud and illegal absorption of public deposits. He was sentenced to life imprisonment, deprived of political rights for life, and confiscated all personal property.The remaining 17 defendants committed funds for fund -raising fraud, illegally absorbing public deposits, and crime of occupation of their positions.
Zhou Shiping was accused of issuing financing targets from 2009 to 2021 through the issuance of financing targets on Hongling Venture Corporation's online platform, and illegally absorbed public deposits to more than 480,000 people by about 109 billion yuan to more than 480,000 people.
During the period, Zhou Shiping Mingzhi Mingzhi Hongling Venture Capital Co., Ltd. has a huge funding gap, and he still releases illegal fundraisingThe cost expenditure that returns the principal and interest of the financing project and maintains the company's operations cannot generate profits.Zhou Shiping used the actual controller of "Investment Treasure" and "Hongling Capital offline financial management" to use illegal fund -raising funds, raising funds for more than 20.4 billion yuan.
The court believes that the criminal behavior of Zhou Shiping people has caused huge amounts of property losses and seriously disrupted the financial order.The court made the above judgment in accordance with the law according to the facts, nature, plot, and social harm of each defendant.
It is understood that after the return of equal people in the Zhou Shi, the public security organs made every effort to carry out the recovery of assets such as funds, equity, and real estate involved in the case.The assets that have been recovered at present will return the fundraising participants after the judgment is effective.
It is reported that some people's congress deputies, members of the CPPCC, special supervisors, family members of the defendant, and representatives of fundraising participants listened to the sentence.
Public information shows that 55 -year -old Zhou Shiping founded the Chinese online lending platform Hongling Venture Capital in March 2009. After more than four years, it has become a leader in the industry.During the peak, the cumulative transaction scale of Hongling Platform exceeded 450 billion yuan, which was far ahead of a crowd of competitors. Zhou Shiping was also known as "the godfather of online loan".
