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Feb 05, 2021 07:16 PM (GMT+8) · EqualOcean
On February 4 and 5, 2021, the Shanghai No.1 Intermediate People's court held a public hearing on the first instance of the defendant Gu Guoping's fund-raising fraud case, according to the Shanghai No.1 middle court. Gu Guoping and others illegally raised more than 83 billion yuan through the platforms of "Lianbi finance" and "Huaxia Wanjia financial services", resulting in the loss of more than 1.1 million victims, totaling more than 12 billion yuan. According to the public prosecution, the defendants Gu Guoping, Nongjin, Chen Yu, Zhu Jun, Wang Jingjing and Zhang Jimin jointly used the fraud method to illegally raise funds for the purpose of illegal possession, and the amount is particularly huge, so their behaviors should be investigated for criminal responsibility for the crime of fund-raising fraud.

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