获刑12年！原金融办主任大搞P2P，非法集资超10亿

Core Points - The case involves a Ponzi scheme operated by a P2P platform called "Caishen Online," which illegally raised over 1 billion yuan from the public [1][2][3] - The actual controller of the platform, Luo, was previously a high-ranking official in local financial regulation, which adds a layer of complexity to the case [1][7] - The Chongqing First Intermediate People's Court upheld the original ruling, sentencing Luo to 12 years in prison for fundraising fraud, along with significant fines for him and his core team members [6][7] Company Overview - "Caishen Online" was established in 2013 and launched its platform in 2014, primarily facilitating loans through internet-based information dissemination [2][3] - The platform's business model involved creating financing products based on loan requests from businesses, often using fictitious borrowers and shell companies to mislead investors [2][3] Financial Details - The fraudulent activities led to the illegal collection of approximately 1.067 billion yuan from over 1,000 investors, with actual losses amounting to around 679.9 million yuan after accounting for interest payments [3][4] - The scheme involved the use of over 100 shell companies to fabricate loan requests and misrepresent the financial health of the platform [2][3] Legal Proceedings - The court found that Luo and his associates had the intent to illegally occupy funds, constituting fundraising fraud rather than merely illegal public fundraising [6] - The court's final ruling included the confiscation of assets and a structured repayment plan for the affected investors [6]