After investigation, from June 20 13 to June 20 10, the criminal suspect Zhou registered and established (Shanghai) Financial Information Service Co., Ltd. to solve the problem of project funds of his company. Since February, 20 15, the criminal suspect Zhou has successively set up Fortune, Good Neighbor Bao and Kaixin Qianzhuang (later renamed as "Bao").
As of April 9, 201018, "Linshan Finance" illegally raised 73.6 billion yuan. The police said that most of the illegal fund-raising funds were used to repay the principal and interest to early investors, thus creating the illusion that the company's investment was profitable and its operation was in good condition. Some illegal fund-raising funds were squandered on paying high commissions, renting luxury office space, advertising and other high operating costs and personal squandering, which eventually led to the break of the company's capital chain and made it difficult to maintain operations and pay principal and interest.
At the time of the crime, the unpaid principal reached 21.300 million yuan. Up to now, the police have seized and frozen relevant bank accounts, real estate, cars and equity. After full recovery, the cash has been initially recovered by more than 654.38+0.5 billion yuan. Now the work of recovering losses is still in progress, and the final eviction will be carried out according to law.
The police said that Zhou Moumou, Tian Moumou and other core executives of 12 company used fraudulent means to illegally raise funds for the purpose of illegal possession. Pudong Public Security Bureau transferred the above-mentioned 12 people to the People's Procuratorate of Pudong New Area for examination and prosecution on suspicion of fund-raising fraud, and the rest were transferred to the Procuratorate for examination and prosecution on suspicion of illegally absorbing public deposits.