83-year- old man linked to illegal fund-raising fr

(Reporter Songfei Hong exposed to HIV) knows their own hands, all of mine have been for others, willing to take risks in order to seek benefits, careful planning involved in funding a shaking more than 1,200 million scam. 10 am yesterday, Xi'an Intermediate People's Court criminal division in the Chang'an Ankang Hospital, starting this fund-raising fraud trial.
83-year-old bottle hanging on the defendant to appear

quivering all the way to go, left hanging on the bottle,deck shoes timberland, either standing on the courtroom yesterday, wearing a yellow vest, hard to imagine the twilight of 83 years old, careful planning,ralph lauren for men, hard-earned money defrauding hundreds of people.others, the better their conditions for iron depend on the maintenance, but out near the mine accidents, resulting in a long line of local mining field shutdown, resulting in subsequent fund-raising interest return to the masses can not be honored.
a pseudonym,
meet two hit it off, give him some of mine data Chen Jianmin, Wang Pengfei with which data package plan, relying on the establishment of Xian Fei Yue Molybdenum Company to recruit business people, claiming Luonan molybdenum ore mining Select smelting advanced equipment and products sold in Europe, Japan, Korea and other places, the current lack of start-up capital, is attracting investment from high returns available. were 15% to 23%, and then remove the travel, meetings and other expenses, not many left. The court said prosecutors, Peng-Fei Wang left the company, the accounts will be kept completely destroyed.
dozen suspects carrying only 4,791 yuan

Although the help of Wang Pengfei, Chen Jianmin million to absorb the thousands of funds, and bilateral cooperation than six months after the distribution of a conflict of interests , the two parted ways. At this point, Chen Jianmin with a no iron ore mining rights to In 2006, Chen Jianmin promised not to pay the high interest rates, the deception of the people had just awakened.
prosecutors in the investigative process, collect the two defendants and ten other people involved in bank accounts and real estate information and found that their bank deposits add up to only 4791 yuan, and no property . p>
excuse for Chen Jianmin, public prosecutors immediately pointed out that the iron ore mining permit-free until November 2007 he was arrested, Sanyo has been no iron ore production and management.
several people have reported hearing before the

It is reported that on the eve of yesterday's hearing, several people in Xi'an's Procuratorate also received a report of information until just before trial approval number. Up to now, the defendant alleged fraud amounting to 12.5213 million yuan of funds, more than 370 people being cheated. Hearing the case yesterday for 6 hours, the end of the trial court did not sentence the trial judge emperor. The results down the drain, for the past few years his restless night. Investigators said Xian Fei Yue Molybdenum Company of China announced the first investors to 10% interest, 14% in the second year, third year 17% return of principal after three years, which attracted a lot of high interest the masses, especially the elderly.
the elderly depressed in the recovery process and the final paragraph

prosecutors said in court, accused by investors eager to invest the misunderstanding and the psychology of high returns promised to the implementation of fraud and for personal extravagance, resulting in a lot of money can not be recovered. These victims were white-haired elders have laid-off workers, and some old models in the recovery process eventually dies. Fraud is not only caused heavy losses to individuals, but also greatly affect the stability of social and economic order.
allegations

conceal the truth of ownership molybdenum high rate of return as bait to get money

yesterday morning, Xi'an's Procuratorate Prosecutors alleged in court, the accused Chen Jianmin, 1927 students. In 1998,ugg boot sales, Chen Jianmin in the hands of Luonan County Pangmou purchased from a molybdenum mine, in April 2005 in arrears shall share mine, the mine was Luonan County People's Court ruled Pangmou all. February 2005, incorporated in Xian Fei Yue Chen Jianmin Molybdenum Co.,asics sneakers, Ltd.,rayban sunglass, began to raise funds to the community to Molybdenum good economic returns, high returns for the bait and hide the truth Luonan molybdenum ownership and the public to sign an investment contract, fraud 1,000 million of funds. October 2005 Chen Jianmin buy a Iron County in the mountains, and hide the truth of its non-mining rights to continue to enter into investment contracts with the public.
another defendant Wang Pengfei,mbt shoe sale, born in 1979. February 2005, WANG Peng-Fei Yue Fei was appointed as Chen Jianmin, general manager of Molybdenum. March 2005 to 11 months, Wang Pengfei behalf of the company to raise funds to non-specific group of people, has 7.299 million yuan of funds fraud, Peng-Fei Wang and Chen Jianmin forty-six sharing, Wang Pengfei more than 300 million profit. Procuratorate that the two accused for illegal possession for the purpose of fictitious facts, conceal the truth, to engage in illegal fund-raising by way of fraud, huge amount of fund-raising fraud should be held criminally responsible.