On the evening of December 22, Desang Technology announced that the company learned that the “Dongguan Intermediate People’s Court” had publicly pronounced the first-instance verdict on the illegal fund-raising case of “Desire Group” and its principals Tang Jun, Zhang Lin and others. The announcement shows that the derivative group was sentenced to a fine of 1.61 billion yuan for the crimes of fund-raising fraud, illegal absorption of public deposits, and securities market manipulation; Tang Jun, the former chairman of the derivative group, was sentenced to 20 years in prison and fined 51.5 million yuan . From June 2012 to March 2019, the derivative group operated the “Tuandai.com” platform in violation of regulations without permission, and promised to guarantee capital and interest payments and high returns in the form of publishing financing projects and “Anyingbao” wealth management projects. Illegally absorbed huge amounts of funds from the public, with an outstanding amount of 34.82 billion yuan.
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The actual controller of this company was sentenced to 20 years in prison and fined 51.5 million yuan. It seems that the punishment is very serious. However, comparing the crimes committed by this company and its controller, this punishment may seem a little lighter. . You know, this company has launched various financial management projects, illegally raised funds, and illegally absorbed huge amounts of funds from the public, with an outstanding amount of 34.82 billion yuan. In addition, a group of criminal suspects, An, also committed the crime of manipulating the securities market and issuing false value-added tax invoices. It can be said that the circumstances are very serious and should be severely sentenced.
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