Illegal funding of 1940 million yuan through pension fraud!Ten people in Hubei were sentenced

[Source: Supreme People's Court]

Recently, the People's Court of Xian'an District, Xianning City, Hubei Province, in accordance with the law to the defendant's unit Xianning Pension Co., Ltd., Xianning Hotel Co., Ltd. and the defendant Xie Mouze, Huang Mou's early -person raising fraud, illegal absorption of public deposits, the first trial judgment.

The Xian'an District Court found out that from October 2015 to July 2020, the defendant Xie Mouze and the defendant Wu Mou and other personnel jointly set up Xianning Pension Co., Ltd. Establishing marketing points or branches on the ground, hiring or inviting defendants Huang Mouchu, Chen Mouwen, Liao Mouhua, Wang Mouzhao, Ke Mouqin, Li Moushou, Liu Mou, Peng Mouren, etc. The company's marketing leader and other positions, without the approval of the relevant agencies, use the consumption discounts and installment rebates as a guise of elderly elderly groups to develop members to the elderly in the society, collect pension budgets, and absorb funds in disguise in this way. After illegal fundraising, most of the funds are not used for production and operation activities, and the company's pension business income is difficult to cover the cost of use of funds. After auditing, a total of 9392 people absorbed 194 million yuan. By the time of the incident, 1499 million yuan had not been repaid.

The Xian'an District Court believes that the defendant Xie Mouze used illegal possession and used fraud to raise funds illegally. The amount was huge, and his behavior had constituted a crime of fund -raising fraud. The defendants Wu Mou, Huang Mouchu, Chen Mouwen, Liao Mouhua, Wang Mouzhao, Ke Mouqin, Li Moushou, Liu Mou, and Peng Mouren violated national financial management regulations. Unsteading public absorption funds, the amount is huge, and its behavior has constituted the crime of illegally absorbing public deposits. After the defendant unit Xianning Pension Co., Ltd. and Xianning Hotel Co., Ltd., the defendant unit was established, and it was the main activity of the implementation of illegal fund -raising criminal activities. The unit criminal theory should not be held in response to criminal liability for natural person crimes according to law. The defendant Xie Mouze committed another crime, and the punishment had not been implemented, and he should be punished several crimes. The defendants Huang Mouchu, Chen Mouwen, Liao Mouhua, Wu Mou, Li Moushou, and Peng Mouren took the lead and gave it to light punishment or alleviating penalties. The defendants Huang Mouchu, Chen Mouwen, Liao Mouhua, Ke Mouqin, Wu Mou, Li Moushou, Liu Mou took the initiative to withdraw from all or part of the illegal income, and they were punished as appropriate. Qin and Liu pleaded guilty and can be treated from wide. For the retreat and welfare subsidies paid by the defendant to the victim's reinsurance and welfare subsidy to the principal in accordance with the law, Xie Mouze's use of fund -raising fraud crimes shall be recovered in accordance with the law in the name of the company or individual.

In order to protect the legal property rights and interests of the elderly group, and to integrate the criminal facts, circumstances, confession attitudes and the degree of harm of society, the Xian'an District Court sentenced the defendant Xie Mouze for 15 years in prison for fund -raising fraud, and fined fines and fined fines. 1 million yuan, together with the previous case and fined in prison and fines, decided to implement 18 years in prison, and fined 1.3 million yuan; The imprisonment is punished accordingly; the defendant Li Moushou is exempted from criminal punishment; ordered the defendant to refund the victim's economic losses, recover the defendant's illegal income, return the victim; The defendants who seized the public security organs were recovered with the property involved in the case, and they were also killed.

Source: Hubei High Court

Edit: Li Gaokai

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