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The official micro official micro of the Guangdong Higher People's Court on December 7th. Today, the Shenzhen Municipal Intermediate People's Court was publicly pronounced on the first instance of the illegal fund -raising case of Zhou Shiping, chairman of Hongling Investment Electronic Commerce Co., Ltd.The defendant Zhou Shiping committed the crime of fund -raising fraud and illegally absorbing 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 duties, and they were sentenced to 11 years to two months and six months in prison, and fined fines.
The court trial found that from 2009 to 2021, Zhou Shiping and other people who issued financing bids through the online platform of Hongling Venture Corporation illegally absorbed about 109 billion yuan to more than 480,000 people.During the period, Zhou Shiping Mingzhi Mingzhi Hongling Venture Capital Corporation had a huge funding gap, and he still released illegal fundraising of false borrowings such as "consumer wealth management", "debt replacement" and "Hongyingbao"., Maintain cost expenditure that cannot generate profits such as company operations.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.
Some representatives of the People's Congress, members of the CPPCC, special supervisors, family members of the defendant, and fundraising participants have listened to the sentence.
It is understood that after the Zhou Shi's equal people's justice, 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.
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