Group 1 - The Hunan Provincial High Court upheld the original ruling against Pan Jibiao and 18 others for illegal fundraising, confirming the conviction and sentencing of Pan to life imprisonment and the confiscation of all personal property [1] - The first-instance court found that from November 2011, Pan and his associates raised over 91.1 billion yuan through fraudulent investment projects, resulting in economic losses exceeding 12.9 billion yuan for participants [1][4] - The company, Shengda Jinxiy, was not licensed to engage in fundraising activities, despite promising investors annual returns of 12% to 14% [4][8] Group 2 - Pan Jibiao, born in 1973, founded Shengda Jinxiy in 2011 after establishing a credit guarantee company in 1998, and became a prominent figure in the financial services sector in Hunan [2] - Shengda Jinxiy's business included wealth management and financial advisory services, but it was classified as an unlicensed private capital investment intermediary [4] - In November 2022, the company announced difficulties in fulfilling contractual obligations due to economic conditions and the disappearance of Pan Jibiao [6][7]
非法集资911亿元，“金融大鳄”盘继彪终审被判无期！他还犯洗钱、偷越国（边）境罪等，名下上市公司已被取消上市地位