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Beijing Cheng Bing, Beijing Central Asia, the legal representative of Investment Consulting Co.,tods outlet, Ltd., since 1997 stocks, considered a stock market veteran. His confession says he initially did well, Kanpan quite accurate, since that have skills to get some money to make money thought. At first he only share trading for a friend, according to the amount of income to pay interest based on the agreed percentage. Then a friend advised him to set up a company specializing in someone else's stock market is doing business. So in 2005, Bing Cheng incorporated in the Beijing Central Asia Investment Consulting Co., Ltd., after a friend introduced him to find more than 10 customers in the stock market. Stock because the company did not operate the qualifications to own name he signed a loan agreement with the client, agreed with the borrowing of 2-6% as interest.
to turnover stock funds, he used a friend card to apply for credit cards,tod's scarpe donna, obtain cash. From 2007 to last May, Mr. Xiang Yu Bing in 13 of whom received a total of 20.54 million yuan of funds for investing in stocks, and promised high return of interest. Prior to the 2008 stock market crash, stock market profits and overdrafts with Libing Li cash, the basic can pay monthly or quarterly payment means to pay interest to investors, paid a total of 161 million yuan. However, shares fell across the board after 2008, Li Bing and then not pay interest nor repayment. The court found that from 2005 to last August,tods scarpe, Bing himself or another person using the identity cards of Central Asia, in Beijing on behalf of Prudential Investment Consulting Co., Ltd. with supporting documents, to apply for Bank of Communications Pacific Credit Card 30, and then use these credit cards credit card spending, cash, as of August last year, a total principal amount of 108.94 million yuan overdraft. Bank Credit Card Center after several collections, Bing has not returned, Bank of Bing was arrested after the report.
trial, pleaded guilty Bing. The court found that Bing high return to investing in stocks of interest on the grounds of illegal deposits from the public, disrupting financial order, a huge amount, and constituted the crime of illegal deposits from the public; and knowing that he did not ability to pay, exceeds the overdraft limit, and by issuing Bank of repeated more than 3 months after the collection is still not returned, a huge amount, but also constitutes credit card fraud, both crimes should be both. The court in view of his good attitude, and returned to the victims of some interest to its sentences. After the announcement, Bing is not clear whether to appeal.
>> Judges say

individual stocks on behalf of illegal

Cao Xiaoying case, the judge said, preferred stock program many lines, although investors will want money through stock appreciation, but the state in the form of the law to regulate stock transactions, and only legally registered and licensed stock brokerage firm to trade on his behalf, not on behalf of natural persons transaction. Therefore, investors do not believe in any promises savings by easily to other people, through informal channels, looking for qualified finance companies.