Su Yi, known as the most beautiful philanthropist and the "Queen of Colored Diamonds", is sued again for raking in 130 million yuan

Su Yi, the chairman of the "Colored Stone Jewelry" company, known as the "most beautiful philanthropist", was accused of using the name of investing in colored diamonds and jewelry to obtain high annual interest investment plans, illegally attracting about 500 million yuan from external parties, and was sentenced to nine years and six months in prison. The New Taipei District Prosecutor's Office also found that Su collaborated with the company The general manager surnamed Si Li was involved in false claims that the company would be listed in the United States and that its operations could be profitable. He was also involved in illegally selling colored stone company stocks or inviting people to invest in fictitious overseas companies to attract a total of 130 million yuan. Su and Li were recently indicted on charges of violating the Securities and Exchange Act.

After Su Yi established a colored stone jewelry company in Taipei, she became famous for becoming the largest sponsor of the Asia-Pacific Film Festival in 2018. She was also known as the "Queen of Colored Diamonds". She was famous for a while, but unexpectedly, she actually started to attract money as early as 2016, launching "Green Diamonds". There are 3 investment plans including "Orange Investment", which promise investors to pay interest equivalent to annual interest ranging from 5.76% to 60% in monthly, quarterly or annual installments based on the investment principal, and can request the return of the principal after the expiration of the agreed period, attracting money from more than a hundred investors.

According to the prosecutor's investigation, Su Yi planned to sell diamonds when the price rose and use the profits to pay the principal and interest. However, due to the purchase of too many diamonds, the interest amount was huge. In 2019, she was unable to pay the interest and could not withstand the pressure from investors to redeem the principal. As a result, the check bounced. The crime was exposed. The first-instance court sentenced her to 10 years in prison, and the second-instance sentence was changed to 9 years and June.

The prosecutors also discovered that Su and Li found that they could not maintain the operation of the Colored Stone Company with the method of "paying back to support the front", so they resorted to other ways to attract money. The first was from 2018, they were involved in illegally selling shares of the Colored Stone Company in the name of "shareholding, share transfer, partnership", etc., pretending to transfer the company's equity to investors and collecting high funds, and attracted 100 million yuan; the second was that the two invited people to invest in fictitious overseas companies, which also attracted more than 34.2 million yuan. After investigation, prosecutors charged him with obtaining property by fraud under the Criminal Code, securities fraud under the Securities Exchange Act, and illegally selling securities.