大连涉107亿余元非法集资案宣判

Core Viewpoint - The article discusses the sentencing of individuals involved in a large illegal fundraising case in Dalian, Liaoning Province, where over 10.7 billion yuan was illegally raised, resulting in significant financial losses for participants [1][2]. Summary by Sections Case Details - On August 1, the Dalian Intermediate People's Court sentenced Jin Cheng to life imprisonment and confiscation of all personal property for his role in illegal fundraising and money laundering [1]. - Li Jing received a 16-year prison sentence and a fine, while Cao Jingyu was sentenced to 13 years and 6 months in prison along with a fine for similar charges [1]. - The illegal fundraising activities occurred from April 15, 2016, to October 8, 2023, involving over 100,000 participants and resulting in losses exceeding 7.3 billion yuan for more than 80,000 individuals [1]. Legal and Financial Implications - The court emphasized that the actions of the defendants severely disrupted the national financial management system and warranted severe punishment [1]. - Following the verdict, law enforcement agencies initiated asset recovery efforts, targeting funds, stocks, insurance, real estate, and vehicles linked to the case [2]. - The recovered assets are set to be returned to the affected participants after the judgment becomes effective [2].