culprit Zhang Junchuan sentenced jailed for nine years
Yangcheng Evening News (microblogging) News Reporters Zhengxu Sen, Zhang Luyao, correspondent reported ear method declared: In the morning,Moncler Polo Shirts, the Guangzhou Intermediate People's Court on Jun Union, Zhang Junchuan etc. charged with financial fraud, illegal to smoke deposits in case a retrial verdict. Jun court accused unit associated company, the defendant Zhang Junchuan constitute seven per capita crime of illegal deposits from the public. Zhang Junchuan was sentenced to nine years and fined 450,000 yuan; the other six defendants were sentenced to four years, ranging from -7 years in prison, sentenced to a fine Union Jun 8 million.
sequestration: funds raised over 480 million yuan
court for reconsideration to identify, early 2003, the defendant Zhang Junchuan Jun Union funding to build the same year was incorporated July 6 Jun Union and any legal representative. Jun Union without the approval of People's Bank of China to raise funds to the public in the case, through advertising and by the business staff to customers about other forms of hype the company's asset size, operating performance, market prospects and the investment of these projects etc., and many people on average about 25% annual rate of return, cash shares, investment in Shanxi coke trading center, invest in peace building, loans to customers, the name of the installation of electronic collaboration, with people signing one-year investment period or two-year
Jun Union to the people most of the repatriation of funds illegally and personal accounts by the defendant Zhang Junchuan flow, the company obtained the victim's money, will amount to 25% commission for sales, 25% with in debt service to the victims, and the remaining funds in part for Conghua Pearl Industrial Park, Taiyuan Haber Center, Shanxi palace building, peace building and other related items.
by Forensic Accounting, February 2003-April 2008 period, the steep way to the Union's use of such funds to absorb the masses of 3355 over 480 million yuan RMB, RMB principal return raise about 106 million people yuan, raising the people borrowing money to Chun Union about 1.83 million yuan RMB; Jun Union to raise the masses of about 40 million RMB bonus; May 2006 to December 2007, Jun Union wages and business managers and sales commission about $ 60 million RMB; direct losses caused by raising the mass totaling about $ 330 million. Lin Weibo a defendant responsible for the business to 606 people illegally raised funds of RMB 1.2 billion, there are about 80 million people have not returned; defendant Sun Gang, responsible for business two to 859 people illegally raising funds to approximately 1.4 billion, there are about 9,000 million was returned to the people; defendant Yun Peng is responsible for the business three to 754 people around the illegal fund-raising RMB 9.9 million yuan,UGGs Ashur Boots, there are about 6.6 ten million yuan has not returned to the people; defendant Jiang Haokai individuals to 174 people illegally raised funds of RMB $ 400 million, there are about 2.8 ten million yuan has not returned the masses. The masses have been recovered, 473 investment funds, totaling about $ 40 million, not fully recover the investment section of the masses 2882, totaling about 4.4 million.
conviction: the crime of illegal absorption of public deposits
2009 年 12 月 10, the Guangzhou Municipal Intermediate People's Court verdict, Jun Zhang Junchuan associated companies and their legal representative, made fund-raising fraud and sentenced to a fine of 10 million yuan, Zhang Junchuan sentenced to 15 years; Feng for mind,UGG Bailey Button Boot, Lin Weibo, Sun G,UGG Rosabella, Yun Peng, Jiang Haokai, Xiao Zhi Qun six backbone of the company, committed the crime of illegal deposits from the public, were sentenced to 9 years to three years and a fine. Jun associated companies and one of the six defendants appealed, then the case identified by the Guangdong Provincial High Court ruling, sent back to Guangzhou City Intermediate People's Court re-trial.
case retried,Moncler Sweaters Women Cheap, the Guangzhou Municipal Intermediate People's Court to make a new decision. Jun Union and the defendant company charges by the legal representative Zhang Junchuan illegal deposits from the public and sentenced to a fine of 8 million yuan; defendant Zhang Junchuan guilty of illegal deposits from the public and sentenced to nine years imprisonment and fined four hundred and fifty thousand yuan; defendant von record for the crime of committing illegal deposits from the public , sentenced to seven years and fined four hundred thousand yuan; defendant Lin Weibo guilty of illegal deposits from the public and sentenced to seven years imprisonment and fined RMB $ 350,000. Sun Gang, the defendant committed the crime of illegal deposits from the public, sentenced to six years, and fined three hundred thousand yuan; defendant Yun Peng guilty of illegal deposits from the public, sentenced to six years and a fine of RMB three hundred thousand Yuan; defendant Jiang Haokai guilty of illegal deposits from the public and sentenced to five years imprisonment and fined two hundred and fifty thousand yuan; Xiao Zhi defendant guilty of illegal deposits from the public group and sentenced to four years imprisonment and a fine of RMB fifty thousand million.
Judge: sooner or later the capital chain rupture
case is scheduled for 8:50 today for a retrial verdict. Reporters from the scene observed as early as 7:50 before the scene more than a dozen people in the queue, to 8:20 time-sharing, the scene has been waiting more than a hundred teams.
Guangzhou Intermediate People's Court sentences two judges to Zhaozhi Chun said the company's operating from Jun Alliance point of view, is basically a loss of business entity, the company's debt service to determine the absorption rate of return on deposit items 25%, sales of items put into savings of 25% absorption, which indicates that Jun joint company will absorb half of the items used to pay the principal and interest on deposits and commission, the actual investment projects and business development for the funds only from the remaining half of the deposit items in the spending of smoking, the proportion of return on this investment was not in line with economic laws and could not support normal business operations, to maintain operation of the company is constantly absorbed by the deposit of public funds is a matter of strand breaks. Jun Union's conduct constitutes a crime of illegal fund-raising, public security, procuratorial, and judicial organs according to their treatment must be timely, otherwise there will be more people will be caught in one, the loss will be greater.
[Judge doubts]
Q: Why variable Zhangjun Chuan, who fund-raising fraud?
Zhaozhi Chun (Master of Laws, the Guangzhou Intermediate People's Court sentences two court judges): First, according to the present case, the available evidence shows that Chun Union was founded, very sound financial system, there is no complete and clear record The use of funds and destination set, and the company for lease office space, advertising and media campaigns, the establishment of branches and other operations expenses is indeed not small, but the specific amount is not verified.
Second,Kenly UGG Boots, the company does have a disorder associated steep investments and adverse circumstances, but the evidence submitted by the prosecution authorities were, and did not find the company's legal representative Zhang Junchuan a profligate raised funds and raised funds to bring absconding the situation.
Third, given the steep Union for illegal fund-raising activity is the part of company behavior, so the return of principal and interest of the masses should be included in its operating funds, the company will fund the set for the production, management of capital ratio exceeds 50%, can not be said to be significantly out of proportion.
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Yangcheng Evening News (microblogging) News Reporters Zhengxu Sen, Zhang Luyao, correspondent reported ear method declared: In the morning,Moncler Polo Shirts, the Guangzhou Intermediate People's Court on Jun Union, Zhang Junchuan etc. charged with financial fraud, illegal to smoke deposits in case a retrial verdict. Jun court accused unit associated company, the defendant Zhang Junchuan constitute seven per capita crime of illegal deposits from the public. Zhang Junchuan was sentenced to nine years and fined 450,000 yuan; the other six defendants were sentenced to four years, ranging from -7 years in prison, sentenced to a fine Union Jun 8 million.
sequestration: funds raised over 480 million yuan
court for reconsideration to identify, early 2003, the defendant Zhang Junchuan Jun Union funding to build the same year was incorporated July 6 Jun Union and any legal representative. Jun Union without the approval of People's Bank of China to raise funds to the public in the case, through advertising and by the business staff to customers about other forms of hype the company's asset size, operating performance, market prospects and the investment of these projects etc., and many people on average about 25% annual rate of return, cash shares, investment in Shanxi coke trading center, invest in peace building, loans to customers, the name of the installation of electronic collaboration, with people signing one-year investment period or two-year
Jun Union to the people most of the repatriation of funds illegally and personal accounts by the defendant Zhang Junchuan flow, the company obtained the victim's money, will amount to 25% commission for sales, 25% with in debt service to the victims, and the remaining funds in part for Conghua Pearl Industrial Park, Taiyuan Haber Center, Shanxi palace building, peace building and other related items.
by Forensic Accounting, February 2003-April 2008 period, the steep way to the Union's use of such funds to absorb the masses of 3355 over 480 million yuan RMB, RMB principal return raise about 106 million people yuan, raising the people borrowing money to Chun Union about 1.83 million yuan RMB; Jun Union to raise the masses of about 40 million RMB bonus; May 2006 to December 2007, Jun Union wages and business managers and sales commission about $ 60 million RMB; direct losses caused by raising the mass totaling about $ 330 million. Lin Weibo a defendant responsible for the business to 606 people illegally raised funds of RMB 1.2 billion, there are about 80 million people have not returned; defendant Sun Gang, responsible for business two to 859 people illegally raising funds to approximately 1.4 billion, there are about 9,000 million was returned to the people; defendant Yun Peng is responsible for the business three to 754 people around the illegal fund-raising RMB 9.9 million yuan,UGGs Ashur Boots, there are about 6.6 ten million yuan has not returned to the people; defendant Jiang Haokai individuals to 174 people illegally raised funds of RMB $ 400 million, there are about 2.8 ten million yuan has not returned the masses. The masses have been recovered, 473 investment funds, totaling about $ 40 million, not fully recover the investment section of the masses 2882, totaling about 4.4 million.
conviction: the crime of illegal absorption of public deposits
2009 年 12 月 10, the Guangzhou Municipal Intermediate People's Court verdict, Jun Zhang Junchuan associated companies and their legal representative, made fund-raising fraud and sentenced to a fine of 10 million yuan, Zhang Junchuan sentenced to 15 years; Feng for mind,UGG Bailey Button Boot, Lin Weibo, Sun G,UGG Rosabella, Yun Peng, Jiang Haokai, Xiao Zhi Qun six backbone of the company, committed the crime of illegal deposits from the public, were sentenced to 9 years to three years and a fine. Jun associated companies and one of the six defendants appealed, then the case identified by the Guangdong Provincial High Court ruling, sent back to Guangzhou City Intermediate People's Court re-trial.
case retried,Moncler Sweaters Women Cheap, the Guangzhou Municipal Intermediate People's Court to make a new decision. Jun Union and the defendant company charges by the legal representative Zhang Junchuan illegal deposits from the public and sentenced to a fine of 8 million yuan; defendant Zhang Junchuan guilty of illegal deposits from the public and sentenced to nine years imprisonment and fined four hundred and fifty thousand yuan; defendant von record for the crime of committing illegal deposits from the public , sentenced to seven years and fined four hundred thousand yuan; defendant Lin Weibo guilty of illegal deposits from the public and sentenced to seven years imprisonment and fined RMB $ 350,000. Sun Gang, the defendant committed the crime of illegal deposits from the public, sentenced to six years, and fined three hundred thousand yuan; defendant Yun Peng guilty of illegal deposits from the public, sentenced to six years and a fine of RMB three hundred thousand Yuan; defendant Jiang Haokai guilty of illegal deposits from the public and sentenced to five years imprisonment and fined two hundred and fifty thousand yuan; Xiao Zhi defendant guilty of illegal deposits from the public group and sentenced to four years imprisonment and a fine of RMB fifty thousand million.
Judge: sooner or later the capital chain rupture
case is scheduled for 8:50 today for a retrial verdict. Reporters from the scene observed as early as 7:50 before the scene more than a dozen people in the queue, to 8:20 time-sharing, the scene has been waiting more than a hundred teams.
Guangzhou Intermediate People's Court sentences two judges to Zhaozhi Chun said the company's operating from Jun Alliance point of view, is basically a loss of business entity, the company's debt service to determine the absorption rate of return on deposit items 25%, sales of items put into savings of 25% absorption, which indicates that Jun joint company will absorb half of the items used to pay the principal and interest on deposits and commission, the actual investment projects and business development for the funds only from the remaining half of the deposit items in the spending of smoking, the proportion of return on this investment was not in line with economic laws and could not support normal business operations, to maintain operation of the company is constantly absorbed by the deposit of public funds is a matter of strand breaks. Jun Union's conduct constitutes a crime of illegal fund-raising, public security, procuratorial, and judicial organs according to their treatment must be timely, otherwise there will be more people will be caught in one, the loss will be greater.
[Judge doubts]
Q: Why variable Zhangjun Chuan, who fund-raising fraud?
Zhaozhi Chun (Master of Laws, the Guangzhou Intermediate People's Court sentences two court judges): First, according to the present case, the available evidence shows that Chun Union was founded, very sound financial system, there is no complete and clear record The use of funds and destination set, and the company for lease office space, advertising and media campaigns, the establishment of branches and other operations expenses is indeed not small, but the specific amount is not verified.
Second,Kenly UGG Boots, the company does have a disorder associated steep investments and adverse circumstances, but the evidence submitted by the prosecution authorities were, and did not find the company's legal representative Zhang Junchuan a profligate raised funds and raised funds to bring absconding the situation.
Third, given the steep Union for illegal fund-raising activity is the part of company behavior, so the return of principal and interest of the masses should be included in its operating funds, the company will fund the set for the production, management of capital ratio exceeds 50%, can not be said to be significantly out of proportion.
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