Ms. Chen and others formed an illegal money-absorbing group, with an initial estimated income of more than 7 billion yuan. The safes and bedside tables of the members of the group were found full of cash. (Photo by reporter Zheng Shuting)
During the pre-election inspection, the Taoyuan District Prosecutor's Office directed the search for a money-making group composed of a woman surnamed Chen and others. The group used the slogan of capital preservation and high remuneration, and rented a top-notch commercial office building in the center of Xinzhuang, New Taipei City, to hold demonstrations. The meeting won the trust of investors and estimated that the scale of illegal money-making exceeded 7 billion yuan. During the search, they found a lot of banknotes in the safes and drawers of the members' residences. A total of 87 million yuan in stolen money was seized. After the prosecutor's interrogation, the four members were approved to be pledged to the court.
The 57-year-old Chen woman, the 48-year-old man surnamed Xu, the 55-year-old man surnamed Xu, the 56-year-old woman surnamed Chen, and the 49-year-old woman surnamed Zhang have organized a multi-level fund-raising group since last year to establish Qunfu Industrial Co., Ltd., and rented a top-level commercial building in the center of Xinzhuang, New Taipei City. They held intensive investment briefings, claiming that funds can be operated through a professional investment team, and investors only need to invest NT dollars. For more than 300,000 yuan, if you sign an investment contract at the same time, you can receive a fixed income of 1.2% to 2.4% of the principal every month, with an annual return rate of 14.2% to 28.8%), and the principal can be withdrawn in full 6 months after the investment period expires. With generous conditions such as capital preservation and high rates of return, investors are tempted to invest huge amounts of money. The scale of illegal money-taking is initially estimated to have reached more than 7 billion yuan.
During the Taoyuan High Prosecutor's Office's investigation of illegal financial flows, in order to prevent illegal funds from intervening in the election, prosecutor Hu Junwei directed the Taoyuan City Investigation Division of the Investigation Bureau of the Ministry of Justice to investigate the group's money-sucking case. After careful evidence search and in-depth investigation of the financial flows, the task force decided that the time was right and petitioned the Taoyuan District Court. After the search ticket was approved, the residences of the defendants Chen, Xu and Zhang were first searched on October 27, and a total of 86 million yuan in cash was seized. Then, defendants Xu and Chen were arrested on November 3, and 1 million yuan in cash was seized. A total of 87 million yuan in illegally obtained cash was seized.
After interrogation by the prosecutor, it was revealed that Chen and other five people were involved in the illegal operation of deposit-taking business in the second paragraph of Article 125, Paragraph 1, of the Banking Act and aggravated fraud in Article 339-4, Paragraph 1, Paragraph 2 of the Criminal Law. The criminal suspects were serious. Large, and there were reasons and necessity for detention, they applied to the court for a detention ban. After trial, the court ruled that four people, including Chen Nv, Xu Nan, Xu Nan, and Chen Nv, were allowed to be detained for a period of time. Zhang Nv was ordered to post a bail of 1.5 million yuan and be restricted from leaving the country and going to sea.
Taocha reminds the public that unless otherwise provided by law, non-banks are not allowed to illegally engage in the business of accepting deposits, nor are they allowed to agree or pay disproportionately high interest rates. Underground money-sucking groups often use rhetoric such as "guaranteed profits without losing money," "high interest allocations," and "guaranteed capital preservation" to lure investors. In essence, they are mostly "back-up money to make up for the previous money" money-attracting scams. People must check carefully when investing, and do not trust investment channels that have not been approved by the Financial Supervisory Commission. If you find any suspected illegal money-making or fraud, you can call the "165" anti-fraud hotline or file a report with the prosecutorial agency.
☆The Liberty Times e-newsletter reminds you that the anti-fraud hotline: 165 and the crime reporting hotline: 110☆
Ms. Chen and others formed an illegal money-absorbing group, with an initial estimated income of more than 7 billion yuan. The safes and bedside tables of the members of the group were found full of cash. (Photo by reporter Zheng Shuting)
