Securities business department manager client fund

Xinhua Shanghai March 18 news channel : good at customer funds for investment , the shortfall in client funds ,newport cigarettes menthol, after the name of Shanghai Second Intermediate Court has original Zhejiang Securities Co., Ltd. Shanghai Sichuan Road business Xu Yong , general manager of first instance verdict , the crime of illegal deposits from the public and misappropriation of funds concurrence of two crimes , sentenced him to 10 years in prison , and fined 200,000 yuan.

1997 and 2005 , unauthorized use of client funds invested Xu Yong Zhi -day Information Technology Co., Ltd. Shanghai and Yeosu bowling alley , but the two investments were unsuccessful . To fill the deficit , Xu Yong, the sales department can carry out self-service, commitment to protect the high absorption rate in the name of the customer funds to carry out the so-called In addition , Xu Yong is also used his office, to more than 1300 million units of funds for personal investment , repayment of personal loans .

Shanghai Second Intermediate Court , after hearing that , Xu Yong as the main person in charge of sales department to sales department and customers to sign on behalf of the trust management , treasury bonds repurchase agreements , and promised to end and pay a fixed income security , which kinds of acts are disguised deposits from the public , and to absorb a huge amount of money , sequestration of the object is not a specific person , so it should be punished for the crime of illegal deposits from the public , and should be used as the unit directly in charge of criminal responsibility . Xu Yong also used his position to misappropriate funds for personal use units , a huge amount and can not return ,monster beats justin, their actions constitute the crime of misappropriation of funds , two of Xu Yong voluntary manslaughter should be punished. In view of Xu Yong to voluntarily surrender , after appearing in court a true account of all the facts of the crime ,wholesale newport cigarettes, and actively withdraw from part of the stolen money , so a lighter punishment.