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Why is Linshan Finance not a contract fraud?
It belongs to the crime of fund-raising fraud. According to the query law network, Linshan Finance belongs to the crime of fund-raising fraud. 2065438+On April 9, 2008, Zhou Boyun, the legal representative of Linshan Finance, surrendered himself to the public security organ on suspicion of illegal crimes. By the time of the crime, the actual economic losses of more than 250,000 victims totaled 21700 million yuan. On the morning of July 24th, 2020, Shanghai No.1 Intermediate People's Court issued a public verdict on the case of the defendant Linshan (Shanghai) Financial Information Service Co., Ltd. and the defendant Zhou Boyun 12, and fined Linshan Finance Company for the crime of fund-raising fraud. Zhou Boyun and Tian Jingsheng were sentenced to life imprisonment and fined 70 million yuan and 8 million yuan respectively for the crime of fund-raising fraud; Zhai Zhongqi and other 10 defendants were sentenced to fixed-term imprisonment ranging from/kloc-0 to 6 years respectively, and fined 2.5 million yuan to 500,000 yuan.