Legal analysis: Anyone suspected of fraud should bear legal responsibility. A leather bag company refers to an individual or collective who only carries leather bags to engage in social and economic activities without fixed assets, fixed business premises and fixed personnel. Also known as a leather bag dealer. Later, the term "shell companies" was used to refer to those groups engaged in illegal business and fraudulent activities. In China, many people will open leather bag companies and do things like "selling dog meat by hanging sheep's heads". The leather bag company has not done anything practical, and its appearance has also affected the rights and interests of some people or companies.
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 shall only, be fined, or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years, fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated.