The judgment of 53 people in Linshan financial circle

Legal analysis: Zhou Boyun (legal representative of finance) was sentenced to life imprisonment for defrauding 73.6 billion yuan, and Tian Jingsheng (chief executive of finance) was sentenced to fixed-term imprisonment 15 to 6 years for fund-raising fraud, of which Zhou Boyun was fined 70 million yuan, Tian Jingsheng was fined 8 million yuan, and the remaining defendants were also sentenced to fixed-term imprisonment 10.

Legal basis: Article 266 of the Criminal Law of People's Republic of China (PRC) defrauds public or private property, and if the amount is relatively large, he shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also or only be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.