Zhongxin Finance, April 14th, according to the WeChat official account of the Shenzhen People's Procuratorate, the criminal suspects Zhou Shiping, Hu Yufang, Xiang Xu and other 18 people were suspected of fundraising fraud and illegally absorbing public deposits. The Futian Branch of the Bureau transferred the case to this court for review and prosecution.
The investigation agency determined that:
From March 2009 to September 2021, the criminal suspect Zhou Shiping, together with Hu Yufang, Xiang Xu and others, used the online loan platforms of “Hongling Venture Capital” and “Investment Treasure” and the “Hongling Capital Offline Wealth Management” project to publicly Propaganda, with guaranteed principal and interest payments and high returns as bait, illegally raised funds online and offline from unspecified public in the society. A total of 516,800 fund-raising participants and 139.5 billion yuan were illegally raised, causing 119,600 fund-raising participants to lose their principal. 16.388 billion yuan.
The funds absorbed are used to repay the principal and interest, acquire listed companies, buy and sell securities and futures, invest in equity, and borrow externally.
Due to the large number of victims in this case, according to the relevant provisions of the "Criminal Procedure Law of the People's Republic of China", after contacting the court, there are still some victims who could not be served. We now use public notice to inform the victims of their litigation rights and obligations. Notice of Procuratorate Victims' Litigation Rights and Obligations.
(Finish)