On June 3, 2020, 165438+ The Intermediate People's Court of Pu 'er City, Yunnan Province publicly pronounced the case of the defendant, Wang and illegally absorbing public deposits, and sentenced the three defendants to fixed-term imprisonment ranging from eight to ten years for the crime of illegally absorbing public deposits, and fined them RMB 200,000 to RMB 500,000.

The Pu 'er Intermediate People's Court found out through trial. During the period from 20 14 to 20 18, the defendant, Wang and Pu 'er used the online loan to invest in the information network service company, and illegally absorbed public deposits in violation of the law, resulting in economic losses of 929 fund-raising participants of RMB1940,000 yuan.

From February, 20 14 to May, 20 18, the defendant Wang Jiayao signed an IOU, a financing agreement and a shareholding agreement on the grounds that investment projects, capital turnover and * * * caused economic losses of RMB11000000 yuan to 35 unrelated persons.