Yesterday, Shanghai Higher People's Court committed the crime of fund-raising fraud against Shanghai Kuailu Investment (Group) Co., Ltd. (hereinafter referred to as Kuailu Group), Shanghai Changning Donghongqiao Microfinance Co., Ltd. (hereinafter referred to as Donghongqiao Microfinance Company), Shanghai Donghongqiao Financing Guarantee Company (hereinafter referred to as Donghongqiao Guarantee Company), defendants Huang Jia, Wei Yanping, Zhou Mengmeng, Xu Qi (USA) and other defendants 15.
14 The defendant refused to accept the appeal.
At this point, the Shanghai No.1 Intermediate People's Court made a first-instance judgment against the above-mentioned three defendants, 15 defendants, and held that Kuailu Group, Donghongqiao Microfinance Company, Donghongqiao Guarantee Company, Huang et al. 15 directly responsible executives and other directly responsible personnel used fraudulent means to illegally raise funds for the purpose of illegal possession, all of which constituted the crime of fund-raising fraud, and the amount was extremely huge. Xu Qi violated the relevant regulations of the state. Illegal absorption of public deposits, disrupting the financial order, constitutes the crime of illegal absorption of public deposits, and the amount is huge. The above-mentioned fund-raising fraud by the defendant company and the defendant has caused extremely huge economic losses to nearly 40,000 victims, seriously affected the family life of the victims, seriously undermined the national financial order and seriously endangered the national financial security. According to the facts, nature, plot and degree of social harm of the incident, the three defendant companies were fined 65438 according to law.
After the judgment of the first instance, Huang et al. 14 defendants refused to accept the appeal, and the Shanghai Higher People's Court formed a collegiate bench to hear the case according to law. In the second trial, the appellant and his defender expressed their full opinions on whether the appellant constituted the crime of fund-raising fraud, the amount of the crime, the position and role in this case, the circumstances of voluntary surrender and meritorious service, and whether the sentence in the original trial was too heavy.
The actual loss in this case is 654.38+05.2 billion yuan.