Xi'an Intermediate People's Court released a typical case of criminal crimes

On September 9, the Xi'an Intermediate People's Court released a typical case of pension fraud crimes.

On July 2, 2018, the defendant Yang Moulong registered the establishment of Shanshui Yicheng Company with his other ID card (now canceled), and served as the legal representative. After Yang Moulong set up the company, it promoted the company's company with comprehensive pension products and pension services through WeChat circle of friends, online media, etc., exaggerating its company's strength, saying that it can get high rebates and dividends after investing, thereby attracting the elderly to the elderly The group became a member of the company. Hou Shanshui Yicheng Company could not pay as appointments, and investing in the public security organs will report to the public security organs. It was identified that the case involved 66 investors, a total of 2.2356 million yuan in borrowing, and the actual amount of investors had a total of 2.2228 million yuan. The defendant had returned 539,500 yuan, and the actual loss of investors was 1.683 million yuan. After investigation, since the establishment of Shanshui Yicheng Company, as of the incident, it has not paid taxes to the Taxation Bureau of the Xi'an High -tech Industrial Development Zone of the State Administration of Taxation, and the company has taken the implementation of illegal absorption of public deposits as its main activity since its establishment.

The second instance of Xi'an Intermediate People's Court believes that the defendant Yang Moulong, as the legal representative of Shanshui Yicheng Company, has organized salesmen through WeChat circle of friends and online media without the approval of relevant departments. Elderly groups absorb funds in the name of providing pension projects and sales of elderly care products, disturbing national financial order, and huge amounts. Its behavior has constituted the crime of illegally absorbing public deposits and seriously harmed the legitimate rights and interests of the elderly. According to this, the Xi'an Intermediate People's Court sentenced Yang Moulong to three years in prison for illegal absorption of public deposits in accordance with the law, and fined 50,000 yuan; Refund compensation, return to the participants in proportion according to law. At present, the verdict has been legal effect.

Source: Western Legal Newspaper

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