综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Society

26 jailed over 7.7 bln USD China P2P fraud

Xinhua | Updated: 2017-09-12 14:51

BEIJING -?Twenty-six executives of a Chinese online peer-to-peer (P2P) lender on Tuesday were handed jail terms ranging from three years to life imprisonment for cheating the public out of large amounts of money.

Anhui Yucheng and Yucheng Global, operators of online P2P lender Ezubao, and 10 company executives, including Yucheng chairman Ding Ning, were found guilty of fundraising fraud, said the Beijing No. 1 Intermediate People's Court.

Another 16 were convicted of illegally absorbing public deposits.

Yucheng Global and Anhui Yucheng were ordered to pay fines of 1.8 billion yuan (278 million U.S. dollars) and 100 million yuan, respectively, the court said.

Chairman Ding Ning and his younger brother Ding Dian were both sentenced to life in prison and were fined 100 million yuan and 70 million yuan, respectively.

The remaining 24 received jail terms ranging from three to 15 years, the court said. They were also deprived of political rights and issued fines.

Some of the defendants were also convicted of other crimes, including smuggling precious metals, illegal possession of guns and border-crossing.

The court found that Anhui Yucheng and Yucheng Global had raised a huge amount of funds by faking high-yield investment products on two online P2P platforms, Ezubao and Sesame Financial, without a banking license between June 2014 and December 2015.

A majority of the money was spent lavishly on luxury gifts and salaries and used to purchase sales firms and return principal and high interests to some investors.

Police have seized cash and other assets from the P2P lender and are recovering more to retrieve losses for investors.

The court said the defendants have inflicted huge losses on investors in many parts of China and disrupted the national financial management system and thus should be given harsh penalties.

Earlier, police found that Ezubao cheated about 900,000 investors out of more than 50 billion yuan (7.7 billion U.S. dollars).

In early 2016, Zhang Min, president of Yucheng Global and one of the convicts, said that Ezubao was nothing but a Ponzi scheme. She claimed that senior executives were fully aware of the nature of the business.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
大厂| 张家港市| 新巴尔虎左旗| 登封市| 南郑县| 浠水县| 老河口市| 鸡泽县| 牡丹江市| 德化县| 汾阳市| 斗六市| 宿迁市| 泸溪县| 苏尼特左旗| 武清区| 册亨县| 和政县| 阿拉善左旗| 西和县| 内丘县| 东莞市| 施甸县| 天峻县| 堆龙德庆县| 固阳县| 塘沽区| 云龙县| 邛崃市| 隆子县| 大竹县| 濮阳市| 邯郸县| 米易县| 伊通| 阳信县| 鱼台县| 申扎县| 自治县| 湛江市| 那坡县|