Illegal ** over 100 billion Zhou Shiping was sentenced to life.
The first-instance verdict of the illegal fundraising case of Hongling Venture Capital E-commerce Co., Ltd. was publicly announced, and the amount involved exceeded 109 billion yuan"
Recently, the Shenzhen Intermediate People's Court publicly pronounced the first-instance judgment on the illegal fundraising case of Hongling Venture Capital E-commerce Shares*** hereinafter referred to as "Hongling Venture Capital"). According to the information released by the court, the case involved the illegal absorption of about 109 billion yuan in public deposits, affecting more than 480,000 people, and the person involved in the case, Zhou Shiping, was prosecuted on suspicion of fund-raising fraud.
Hongling Venture Capital is an influential company in the field of Internet finance, which has attracted the attention of a large number of investors with its promise of high yield and low risk. However, during the trial of the case, the court found that Zhou Shiping, the chairman of Hongling Venture Capital, had wantonly used illegal fundraising funds, and his fundraising fraud amounted to more than 20.4 billion yuan. This figure is shocking and reminds us once again that investment is risky, and there are often huge risks hidden behind high returns.
In this case, Hongling Venture Capital publicly released the false creditor's rights transfer target to the public through its official website, APP and other channels, and used high interest as bait to induce investors to purchase. At the same time, the company also had problems such as changing the use of funds without authorization and refusing to fulfill its information disclosure obligations. These behaviors seriously violated the national financial management regulations and brought huge economic losses to investors.
The court held that Hongling Ventures' actions had constituted the crime of illegally absorbing deposits from the public and the crime of fund-raising fraud. During the trial, the court fully listened to the opinions of the prosecutor and the defender, and conducted a comprehensive review of the case in combination with relevant evidence. In the end, the court made a judgment against Zhou Shiping and the other people involved in the case in accordance with the law.
The trial of this case has made us deeply aware of the harmfulness of illegal fundraising. As investors, we should remain rational, not be overwhelmed by high returns, and choose formal investment channels and platforms. At the same time, the first and all sectors of society should also strengthen the supervision of the financial market, improve the transparency of information disclosure, crack down on illegal fundraising, and protect the legitimate rights and interests of investors.
In addition, we need to strengthen financial literacy education for the public. Through carrying out financial literacy publicity activities and strengthening financial education in schools, we will improve the public's awareness of financial risks and their ability to prevent them. This can help us better identify and avoid illegal fundraising traps and maintain our own property security.
Finally, we hope that this case will attract wide attention and attention from all walks of life. Only by strengthening the joint efforts of the whole society to crack down on illegal fund-raising can we create a healthy and stable financial market environment. Let us work together to maintain the order and stability of the financial market!