Mens backdoor advertising company cheated 1234 people to illegally absorb deposits 123 million

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 Mens backdoor advertising company cheated 1234 people to illegally absorb deposits 123 million


The business spread across eight districts and counties, defrauded 1,234 victims of the trust, waiting for him will be severely punished by the law.

Backdoor advertising companies illegally absorb deposits?

On March 10, 2011, Xu invested in the Chongqing Wanzhou District Administration for Industry and Commerce to register a Chongqing advertising media limited company (hereinafter referred to as advertising company).

The business registration information shows that the scope of operation of advertising companies is design, production, agency, advertising, business information consulting services, website development and maintenance, software development, investment business (not in financial, financial and credit business), business information consulting services.

Advertising companies have also set up seven offices in Dianjiang, Liangping, Zhongxian, Fuling, Longevity, Fengjie and Northern Chongqing. Plus the center of Wanzhou, the business is spread over 8 districts and counties.

Without the approval of the relevant departments, the defendant Xu organized the company personnel to publicize to the public through the establishment of publicity websites and other means. The office also publicizes publicity to the public by distributing leaflets, posting advertisements, developing agents and marketing managers.

By means of entrusted investment, the company has signed an investment entrusted agency agreement with the investors to absorb funds from the public for the renovation of Dongming Old Town in Shandong Province and some repayment of principal and interest.

At the same time, the company also carries out one-to-one intermediary lending business, that is, the advertising company according to the amount of funds required by the loan customers, then organize borrowersfunds, by the advertising company and the borrowers and lenders signed intermediary agreements respectively, the borrowers and lenders directly signed loan contracts (debit slips).

The advertising company promises the borrower not to repay the loan on time, and the company is responsible for paying the principal and interest.

1234 people were cheated, illegal deposits 123 million yuan

Advertising companies publicly publicize to the public without the approval of the state financial regulatory agencies, and promise to pay the return by enjoying investment benefits and dividends within a certain period of time, to absorb funds from unspecified social objects, and to destroy the financial order, with a huge amount.

Xus behavior has constituted the crime of illegally absorbing public deposits, which soon aroused concern of relevant departments. Under the strong deterrent force of the judiciary, Xu voluntarily surrendered the case and truthfully confessed his main criminal facts.

On January 29, 2016, Chongqing Zhenghong Accounting Firm appraised, as of that date, Xus advertising company suspected of illegally absorbing public deposits a total of 1234 people, the amount of 123637000 yuan.

Among them, including one-to-one loan transfer contract into the project direct loan amount of 6190,000 yuan; 132 refunds, the amount of 20,470,000 yuan; has not yet returned 1112 people, the amount of 1031,670 yuan.

The appraisal statement states that Xus advertising company paid 73470000 yuan for one-to-one loans.

On March 7, 2017, through the supplementary appraisal of Chongqing Zhenghong Accounting Firm, Xus advertising company borrowed 459 people directly, with the amount of 56357000 yuan. Of which, 1500000 yuan is a renewal deposit, which has been refunded to 5740000 yuan, and the amount of non refundable amount is 50617000 yuan.

One-to-one loans of 312 people, the amount of 67,280,000 yuan, of which 2200,000 yuan for renewal deposits, 20,470,000 yuan has been returned, 525,000,000 yuan has not been returned.

On June 23, 2017, Chongqing Zhenghong Accounting Firm again supplemented the appraisal, the defendant company Fuling office fund-raising participants for 77 people, the amount of 6180000 yuan.

Among them, 58 people borrowed directly, the amount was 4530000 yuan, and the one to one borrowings amounted to 19 yuan, with an amount of 1650000 yuan.

In short, the number of cases involved is large and the amount is huge.

He was sentenced to 6 and a half years, and his subordinates were also accountable.

Among them, after the judgment of Fuling District Peoples Court of Chongqing, the defendants company was sentenced to a fine, and the head of the office, Kuang Changling, was sentenced to fixed-term imprisonment. The deposits illegally absorbed in the case have been ordered to be returned to the participants.

In addition, the head of a major advertising agency has been chased for punishment. The Peoples Court of Wanzhou District held that Xus advertising company was guilty of illegally absorbing public deposits and sentenced to a fine of RMB 300,000 yuan. Xu himself was convicted of illegally absorbing public deposits and sentenced to six years and six monthsimprisonment and a fine of RMB 200,000. The defendant unit Chongqing Municipal Peoples Advertising Media Co., Ltd. was ordered to compensate the participants for their economic losses. After the sentencing of the first instance, Xu Daquan, the defendant company and defendant, refused to accept the appeal. After trial by the court of second instance, the court held that the original judgment was clear in fact, the applicable law was correct, the sentencing was appropriate, the trial procedure was legitimate, and the appeal was rejected and the original judgment maintained. The judgement is now in force. Source: news editor of Chongqing Morning Post: Ji Xue Ying _NN6784

In addition, the head of a major advertising agency has been chased for punishment.

The Peoples Court of Wanzhou District held that Xus advertising company was guilty of illegally absorbing public deposits and sentenced to a fine of RMB 300,000 yuan. Xu himself was convicted of illegally absorbing public deposits and sentenced to six years and six monthsimprisonment and a fine of RMB 200,000.

The defendant unit Chongqing Municipal Peoples Advertising Media Co., Ltd. was ordered to compensate the participants for their economic losses.

After the sentencing of the first instance, Xu Daquan, the defendant company and defendant, refused to accept the appeal. After trial by the court of second instance, the court held that the original judgment was clear in fact, the applicable law was correct, the sentencing was appropriate, the trial procedure was legitimate, and the appeal was rejected and the original judgment maintained.

The judgement is now in force.