Work Report of the Supreme People's Court: 25000 cases of illegal fundraising, money laundering and other crimes will be concluded in 2024, a year-on-year increase of 5.3%

According to China Securities News, Zhang Jun, the President of the Supreme People's Court, stated in his work report on March 8th that in 2024, the people's courts will conclude 2.66 million financial cases, a year-on-year decrease of 12.3%. Severe punishment was imposed on illegal financial activities, and 25000 cases of illegal fundraising, money laundering, and other criminal activities involving 48000 people were concluded, a year-on-year increase of 5.3%. Wang lured 29000 people to purchase so-called "virtual currencies", causing losses of over 1.7 billion yuan and illegal profits of over 900 million yuan, and "laundered" them overseas. The Sichuan court sentenced him to life imprisonment for fundraising fraud and money laundering. Punish securities and futures illegal activities such as financial fraud and insider trading with a "zero tolerance" attitude, effectively maintaining the healthy development of the capital market. Ji, together with others, controlled 97 securities accounts and illegally influenced stock prices, earning a profit of 180 million yuan. The Fujian court sentenced him to six years in prison and fined him 45 million yuan for manipulating the securities market.