Telephone
02-77093611
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17th Floor, No. 180, Section 2, Dunhua South Road, Da'an District, Taipei City
Telephone
02-77093611
Line
@fdlaw
address
17th Floor, No. 180, Section 2, Dunhua South Road, Da'an District, Taipei City
Banking Law and Illegal Fundraising | Salespersons, Introducers, and Personal Liability
After large-scale illegal fundraising cases, the most common phrase heard is: "I'm not the boss, I'm just a salesperson," or "I just introduced friends to invest," or even: "I invested money myself, I'm a victim too." However, in banking law cases, true criminal liability doesn't solely depend on: company title, or whether commissions were received. What prosecutors and investigators truly investigate is:
Are you simply giving a brief introduction, or are you already actively involved in the company's fundraising operations? Therefore: "I'm just a salesperson" does not automatically make me guilty. But similarly: It doesn't automatically absolve them of responsibility. What is truly needed is to separate the actions of each defendant.
The character's name itself does not determine criminal liability; the actual behavior is the key factor.
The organization of individual roles and the scope of evidence can be handled by our firm.Lawyers specializing in banking law, illegal fundraising, and major financial criminal cases.Assist in handling the matter.
If you were originally just an investor, salesperson, or introducer, but now receive a notification from the investigation bureau due to your company's illegal fundraising case, you can first compile a list of your employment period, recruited targets, commissions, sources of company information, group records, and actual work authority, and then determine whether your criminal liability is truly the same as that of the core operator.
Large-scale money laundering cases can be solved with a single search:
Even some investors. However, working for the same company does not mean: everyone has access to the same information; everyone has the same decision-making power; and everyone intends to collectively raise funds. Therefore, criminal cases cannot simply conclude with: "The defendants and others jointly operated an illegal fundraising business" and end the individual liability analysis. It is still necessary to confirm: What exactly did each person do?
The Bureau of Investigation might ask:
What really needs to be investigated behind these issues is: Your level of involvement.
We cannot judge based on just one behavior. For example:
They also do not participate in scheme design or fund management. And:
Assisting with contract renewals and reinvestment can have completely different levels of criminal involvement. Therefore, it should be examined that:
And my own subjective perception.
Possibly. Especially after a company is embroiled in a large-scale fraud case, prosecutors may investigate from the following angles:
The contracts need to be reviewed to determine who introduced each investor. However, the fact that someone "introduced a friend" alone does not replace all elements of the crime. Further investigation is needed.
Did you provide assistance in processing the investment funds?
A conviction cannot be based solely on commission rates. Commission rates are important evidence because they may indicate an economic interest between the individual and the funds raised. However, further confirmation is still needed.
Does the commission correspond to legitimate work, or actual participation in illegal fundraising activities? The commission is evidence, not a complete criminal conviction.
No, not necessarily. For example, a company manager: Although he doesn't take a commission on every transaction, he might:
Hosting the briefing. This situation cannot be exempted from criminal liability simply because there is "no commission schedule." Therefore, what truly matters is not whether there is a single form of compensation, but rather: Actual participation behavior.
In criminal cases, if several people share a common criminal intent and jointly participate in the criminal act, it may involve...joint offenderThe problem. In cases of illegal fundraising, the prosecution may argue:
Different individuals may have different roles in completing the entire fundraising scheme. However, the existence of a division of labor does not automatically mean that everyone knew about and accepted the entire criminal scheme. It is crucial to confirm: the scope of the criminal facts known to each individual; their individual actions; and whether they shared a common criminal intent.
Different levels of involvement may result in different criminal assessments. For example, someone who was not a decision-maker in the scheme, nor did they jointly control the entire fundraising effort, but knowingly provided specific assistance to others who were committing a crime, may require further analysis of the criminal law.aiding and abettingProblem. However: Joint perpetrators; accomplices; even those who have not committed a crime cannot be directly classified based solely on professional titles. Judgment should be based on actual evidence.
It may have evidentiary value, but it depends on the specific circumstances. For example, the company has:
Business operations are conducted according to official documents. These factors may influence an individual's perception of the legality of the plan. However, if an individual already knew that: the company was not actually operating; all revenue was paid from new funds; the plan had significant irregularities, yet continued to solicit clients, the legal evaluation might differ. Therefore, "the supervisor's statement that it's legal" does not absolve one of absolute liability. However, how subjective perception is formed remains a crucial fact in the case.
It could be an important background factor, but it doesn't solely determine the outcome. Investing significant funds oneself might support the claim that one genuinely believes it's a real investment. However, the prosecution might still ask further questions:
Therefore, it should be established that:
A complete timeline of when company information was obtained.
This is a very common scenario in large-scale money laundering cases. One person might:
Later, I became a supervisor. At this point, I couldn't use the same role for all periods. I should break it down chronologically.
When did you obtain the internal information? The roles may change over time.
Roles can change over time; what one knows and does in each period should be checked separately.
There isn't a fixed legal figure: "Introducing two people makes you innocent, while introducing three makes you guilty." However, the scale of the activity is still very important. For example:
There was no further management. And:
The evidence structure for managing investors is completely different.
We need to see the entire process. The investigation may confirm:
The fact that the final presentation was given by the supervisor does not automatically exclude the involvement of other presenters. Similarly, being present at the briefing does not automatically equate to being an accomplice.
It's very important, but it depends on the specific details of the alleged crime. Frontline staff may only know:
The customer was unaware that:
Internal finances. If the prosecution attributes the financial problems known to the person in charge directly to general business operations, then evidence is needed to explain why that business person knew about them. However, on the other hand, if internal communications show that a business person knew about the company's serious financial problems but continued to solicit business with contradictory information, the situation may be different.
Large banking law cases often involve:
Team hierarchy. This information can help confirm:
Does the business organization exist? However, each transaction should still be verified individually.
Whether there was any commission refund or other irregularities. A criminal determination cannot be made solely based on the appearance of a name in Excel.
No. Investor testimonies are very important, but they still need to be compared:
Other witnesses. For example, an investor might say, "The business guarantees the safety of your principal." But the written record left by the business entity might be completely different, or even the opposite. Therefore: Witness testimony should be cross-referenced with objective evidence.
This could be very disadvantageous. Especially if the person themselves makes this public statement:
Completely risk-free. These statements may directly affect: my understanding of fundraising models and: actual recruitment methods. Therefore, after a company incident, do not: delete groups; retrieve messages; modify conversations. The original, complete conversations are the true evidence that needs to be analyzed in the case.
Individual analysis is still needed. This may involve:
Whether or not they added their own commitments. Therefore, they cannot simply conclude their defense with: "I was just reading it aloud." However: Company-produced materials may also be important evidence distinguishing the responsibilities of the decision-making and execution levels.
Because the business manager may not be recruiting alone. They may also:
Managing client issues. These could all be considered by prosecutors as crucial evidence of involvement in the overall fundraising scheme. Therefore, managers cannot simply dismiss all risks with, "I'm just getting a salary."
The finance department may have the following information:
The company's true financial situation. Although he may not have directly solicited investors, prosecutors may investigate whether he knowingly assisted in the execution of the overall illegal scheme. Similarly, it is necessary to distinguish between simply following instructions to make deposits or payments and knowingly and jointly participating in the crime.
No. The account could be:
It is under the actual control of another person. It should be confirmed that:
Whether a benefit was obtained. Simply stating that the account name belongs to someone is not a complete criminal analysis.
The magnitude of the loss may affect the overall context of the case, but it cannot replace the elements of a crime committed by each defendant. Whether a salesperson committed a crime still needs to be examined: their subjective intent; their solicitation activities; and the degree of their involvement. The damages cannot be equally distributed among all employees simply because the entire company suffered significant losses.
If deemed to have jointly participated in a violationArticle 29 of the Banking Lawcrimes, Article 125 of the Banking LawThis is indeed a very severe criminal provision. The current basic sentence is imprisonment for 3 to 10 years. If the crime results in the acquisition of property or financial gain exceeding 100 million yuan, the statutory sentence is 7 years or more. However, how this applies to individual salespersons must be confirmed first.
Issues such as one's own role are relevant. One cannot simply apply the total amount raised by the entire company to each individual business unit without any analysis.
Fundraising methods involveArticle 29-1 of the Banking LawWhen making a judgment, the fundraising model and the scope of the individual's participation should still be confirmed separately; for further reading on substantive requirements, please refer to the following article.Elements of Illegal Fundraising under Banking Law and Criminal Defense.
This conclusion cannot be drawn without legal analysis. Further confirmation is needed.
How is the acquisition of property or profit through crime calculated under the law? This is also one of the reasons why, in large-scale fraud cases, general business operations and core operators often need to be handled individually.
don't want:
Transferring commissions or related documents. These actions may increase: evidence collusion; evidence destruction; and even the risk of detention.
Possibly. Whether or not detention should be requested still needs to be determined according to the Criminal Procedure Law:
Necessity of detention. If the business involves:
Contacting witnesses after a search may carry higher procedural risks. Conversely, a salesperson with limited authority who has had important documents seized may face different detention assessments. Further reading: Defense and offense in banking law cases involving search, detention, custody, and bail..
At least organize:
What original information is currently retained? This data can be used to build: Personal role timeline.
It has already happenedThe company was searched or questioned by the investigation bureau.In such cases, this personal data compilation can help clarify procedural and evidentiary issues at the outset.
For example, if an investigator asks, "Why did the company design this investment plan?", don't guess just to make the answer sound complete if you generally don't know the answer. Explain precisely:
What things have I never encountered before? Don't turn the company's knowledge into your own.
If objective data shows:
Continuously contacting investors but consistently answering "I don't know" to everything can also damage credibility. A truly effective response should be: precisely state what you know; clearly explain why you don't know what you don't know; and avoid guessing if documentation is required to answer.
The most dangerous aspect of large-scale money laundering schemes is that they involve:
All investors were involved in what was described as a "money-sucking ring." However, criminal liability must be placed on the individuals. Therefore, the case needs to establish:
A complete matrix of subjective perceptions. This is also one of the most important defense tasks in multi-person banking law cases.
In cases involving multiple individuals, the roles, time periods, financial flows, and evidence comparison are crucial.Defense in major financial criminal casesImportant tasks; when it involves the company's internal division of labor and authority, then it is handled by...Corporate Criminal and White-Collar Criminal LawyersAn analysis of the integration of corporations and criminal liability.
Not necessarily. It needs to be confirmed whether it was just an occasional introduction, whether commissions were charged, whether the fundraising model was known, whether any promises were made regarding returns or principal, and whether the company continued to participate in other solicitation activities.
Not necessarily. Commissions are important evidence, but it is still necessary to determine whether the individual had the intent to commit a crime and the extent of their actual participation. A crime cannot be determined solely based on the presence or absence of commissions.
This may be a favorable factor, but it does not automatically absolve one of liability. It is still necessary to confirm the timing of the investment and solicitation, what company information the individual subsequently obtained, and their subjective understanding during the ongoing solicitation.
It needs to be determined on a case-by-case basis. The information provided by the company, the training provided, and the individual's information may affect the subjective intent; however, if there is other evidence showing that the individual knew that the fundraising model had serious illegal issues, the legal evaluation may be different.
Not necessarily. Business managers may also be involved in team management, training scripts, commission systems, information sessions, or fundraising management. Each person's authority and level of involvement must be analyzed individually.
There is a possibility of investigation. It depends on whether they were aware of the overall criminal pattern and participated in its execution, or whether they were simply handling funds in the course of their duties.
Such a conclusion cannot be drawn without legal analysis. The scope of joint crime, individual participation, calculation of proceeds or profits, and specific facts of the crime must be confirmed.
Coordinated testimonies are not recommended. In cases involving multiple individuals under banking law, this could increase concerns about collusion. You should first preserve your original documents and individually verify your own duties, actions, and scope of information.
The information, authority, and level of involvement of the person in charge, business manager, general business, introducer, and investor may be completely different. If you have been searched, questioned, detained, or prosecuted, you can first establish your personal roles and timelines, and then compare the solicitation, commissions, cash flow, and subjective perceptions one by one.