A steel trade illegal fund-raising fraud more than 100 million yuan was sentenced

On the morning of May 18, the Hubei Provincial High Court held a press conference to prosecute illegal criminal activities in Hubei court, which informed 274 cases of the provincial court hearing from January 1, 2016 to March 31, 2017. Illegal fund raising crime.

Jingzhou City Intermediate People 's Court of the defendant Zhong Zhiming fund - raising fraud. In order to cheat funds to repay debts and loans, Zhong Zhiming promised to pay up to eight percent of the monthly interest loan to the co-perpetrator Wang Hongjun, and the king had to pay less than the interest to the above-mentioned Shanghai Hongchen Steel Market Management Co., Ltd. Public security county villagers borrow, which interest difference as king's reward. In order to avoid the blow, the defendant Chen Fengfei, who also suggested that Wang Hongjun to help investing companies to cover up their illegal fund-raising behavior.

After auditing, Zhong Zhiming, Wang Hongjun, Chen Fengfei and Liang Zhixiang illegally raised more than 6.92 billion yuan, returned more than 5.78 billion yuan, fund raising amount of 1.01 billion yuan. The court sentenced Zeng Zhiming to life imprisonment on the basis of fund-raising fraud, and others were sentenced to imprisonment for 15 years and so on.

Yesterday, the Hubei Provincial High Court news spokesman, the current illegal capital raising crime cases in Hubei Province real estate, private investment and other areas is still the case of concentrated areas, but related to sales and service cases increased, including medical, pension and other new forms. Often to invest in hospitals, pension apartments, off-site joint security in the name of a high return, to provide pension services for the bait, to lure the masses "to join the investment."