After Chen Nanbiao went to the countryside to establish the management rights of the funeral home, he illegally absorbed more than 16 million yuan. The Pingtung District Court sentenced him to 3 years and 2 months in prison.

(Photographed by reporter Li Lifa)

[Reporter Li Lifa/Pingtung Report] After the man surnamed Chen who runs the etiquette supplies agency bid for the management rights of the Fangliao Township Funeral Parlor, he used high bonuses to attract people to invest, and illegally absorbed more than 16 million yuan. Many victims ended up losing everything. Feeling cheated, they collectively sued for compensation. The Pingtung District Court sentenced Chen Nan to 3 years and 2 months in prison for violating the Banking Law, and should return the funds invested by the victim.

After Chen Nan bid 6 million yuan for the rental management rights of the funeral home in Fangliao Township, he then solicited investment in the etiquette agency he operates with high profits ranging from 2.5% to 5.9% of the monthly investment amount, attracting more than 10 people. The public invested hundreds of thousands to millions of yuan in funds, but ended up losing everything. They were so angry that they sued for compensation. After investigation, the prosecutor believed that Chen Nan had illegally absorbed 16.55 million yuan, and sued him for violating the banking law.

Please read on...

After the trial, the Pingtung District Court believed that Chen Nan knew that he was not a bank and was not allowed to operate deposit-taking business, but he was greedy for his own interests, prompting investors to invest huge amounts of money, hindering domestic financial order and economic stability, encouraging speculation, and causing investors to suffer heavy losses. , according to the crime of illegal banking business, sentenced to 3 years and 2 months in prison, the crime proceeds should be returned to the victim.