On September 2, 20654381day, Wenzhou Intermediate People's Court made a first-instance judgment on the largest fund-raising fraud case in the city. Chen Shaoya, a woman from Yueqing, Wenzhou, defrauded more than 220 million yuan and has not yet paid it back. She is now sentenced to death in the first instance for fund-raising fraud, with a two-year suspension. From 2003 to February 2008, Chen Shaoya, a native of Yueqing, Wenzhou, used a large amount of money to invest in Xuzhou Digital Mall, set up a guarantee company, develop real estate, and verify the capital of enterprises as a pretext, and used a high interest return ranging from 3% to 15% as a bait to defraud multiple loans in Yueqing, Zhejiang, and used the latter loan to pay the principal and interest of the previous loan. The defrauded money was used to pay huge principal and interest and real estate.

By the time of the incident, Chen Shaoya had actually defrauded more than 50 people, including Chen Lanfen, and more than 220 million yuan.

In February 2008, Chen Shaoya fled to Beijing to escape debt. From September 2nd to June 5438+00 in the same year, Chen Shaoya took the initiative to go to the office of the People's Government of Liushi Town, Yueqing City to deal with illegal financial activities among the people and cooperate with the debt clearing. In the same year125/0, 10, Chen Shaoya was detained in criminal detention on the same day because he was stopped by his creditors when paying off his debts.

After the incident, Chen Shaoya returned the stolen money by returning cash, selling real estate and cars, which was equivalent to RMB 25,965,438+0,000.

The court held that the defendant Chen Shaoya used the high rate of return as a bait to raise funds from unspecified people in society, which made it impossible to return the extremely large amount of funds raised to others. The crimes committed are extremely serious and should be severely punished. However, in view of the fact that the defendant Chen Shaoya took the initiative to go to Liushi Town, Yueqing City to deal with illegal private finance to help resolve debts, he was able to truthfully account for his main criminal facts. He surrendered himself and partially returned the stolen goods, and was sentenced to death but not executed immediately.