According to the Criminal Code of People's Republic of China (PRC):
Article 176 Whoever illegally absorbs public deposits or absorbs public deposits in disguised form, thus disrupting financial order, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also, or shall only, be fined not less than 20,000 yuan but not more than 200,000 yuan; 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 not less than 50,000 yuan but not more than 500,000 yuan.
If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.
Extended data
Case:
A company named "Yishengbai" has absorbed more than 465,438+billion yuan from more than 654.38 million investors in less than two years under the guise of "high repayment of principal and interest". However, in September of 20 14, the company suddenly closed down, and all the wealth management products purchased by investors went to Shui Piao.
According to statistics afterwards, investors lost more than 3.2 billion yuan. The Beijing Morning Post reporter learned yesterday that the senior management and staff of 12 company, including Zhou Huawei, the legal representative of the company, were sentenced for illegally absorbing public deposits.
Unqualified to sell wealth management products
It was found by the court of first instance that Beijing Yishengbai Investment Management Co., Ltd. was established on 20 12, mainly engaged in investment and wealth management business. Defendant Zhou Huawei is the legal representative of the company, defendant Huang Zhendi (pseudonym: Guo Xiuzhong) is the actual controller of the company, and defendant Guo Xiucheng is one of the chief financial officers of the company.
Yishengbai Company has set up several offices and workplaces in Chaoyang District International Trade Phase III, Jindi Center and Wantong Center to sell investment and wealth management products such as Hong Kong stocks and silver without obtaining relevant qualifications.
Defendant Xie Guangzhen, as the marketing director of Wantong Center of the company, has sales managers Li Yan, Zeng Lilan, Li Yong, Liu Yueming, Shang, and sales staff under the sales manager.
Defendant Zhang Yucheng worked as a training lecturer in the marketing department of Wantong Center of the company, and was responsible for training the newly recruited salesmen of the company. 2065438+2003 10, 165438+2003, Anhua United Capital Company was established. The actual investor of the company is Yishengbai Company, and the actual personnel composition and business operation are the same as Yishengbai Company.
References:
Xinhuanet-Beijing Yishengbai executives were sentenced for illegally absorbing public deposits.
References:
The State Council Press Office-People's Republic of China (PRC) Criminal Law