Article 266 of the Criminal Law of People's Republic of China (PRC):
Crime of fraud: whoever defrauds public or private property in a relatively large amount 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.
Training loan generally means that training institutions cooperate with P2P peer-to-peer lending institutions to lend money to students, and the students repay in installments. Nowadays, recruitment companies (actually training institutions) often use recruitment websites to train job seekers in the form of recruitment.
The brief process of training loan is that companies generally require candidates to conduct pre-job training because their abilities are not up to standard or the recruitment requirements are extremely low, resulting in tens of thousands of training fees (plus high interest), and then repay them in installments through loan software. However, after the training, candidates will not be hired, but will be asked to find another job. This kind of people are mainly college graduates and career changers.
In the name of campus public welfare lectures, attract students to take one-on-one free vocational tests. In the meantime, the "tutor" kept lobbying students to join vocational training courses, promising a bright future, and then asked students to pay tuition fees through unsecured loans from third-party loan companies.
20 17 April, it was reported that "Guangzhou Zhidaoren Education Technology Co., Ltd." used this routine to make them unable to bear a debt of 10,000 yuan.
According to the dunning information provided by the students, the third-party loan company entrusts the dunning agency to dunning, saying that it will submit a credit report and send an investigation letter to the local police station, government, village committee and other departments in the students' hometown to investigate the students' criminal responsibility. Some students also reported that their parents had received a dunning call, which was regarded as harassment.
Two shareholders of Passerby Company are suspected of illegally absorbing deposits and have been criminally detained by public security organs. The company's accounting treatment is still being coordinated, and the remaining shareholders are ready to file for bankruptcy, but no agreement has been reached. The question about the refund of students' money cannot be answered until the company settles the funds.