Lin Baili’s wife was also cheated! Socialite who "defrauded a lady of 700 million" was sentenced to 10 years in prison | Lawyer Li Yusheng explains the legal issues related to fraud and banking law

Lin Baili’s wife was also cheated! Socialite who "defrauded a lady of 700 million" was sentenced to 10 years in prison│One TV News Reporter｜Cai Yijie

News link:https://youtu.be/LkGGo5JSz4U

He Sha, the wife of Lin Baili, the new richest man in Taiwan and the founder of Quanta Group, was defrauded by socialite Zhu Li'an more than 9 years ago. She purchased funds and successively remitted up to 50 million yuan. In addition, Wu Jizhao, the widow of writer Zheng Fengxi, was also deceived. Zhu Li'an With more than 700 million yuan in income, the lawsuit has been litigated for many years. Zhu Li'an was sentenced to 12 years in the first instance, and was commuted to 10 years in the second instance. The whole case was appealed. The Supreme Court rejected the appeal today (19th), and the whole case was settled. Zhu Li'an will be imprisoned to serve his sentence.

Lawyer Li Yusheng from Fidelity Law Firm said that if it is a general crime of fraud, it will be punished by a prison sentence of less than 5 years. The defendant in this case not only committed fraud, but also collected money from others in the name of investment, which would constitute the crime of illegal banking business under the Banking Law. In addition, his criminal proceeds exceeded 100 million yuan, so the statutory criminal liability The penalty will be increased to more than 7 years in prison.

Related Reading:https://fdlaw.com.tw/blog/banking-act-2/

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