Until the end of 2009, "rich sister" suddenly disappeared. At this time, all the people who lent her money and hoped to make a fortune suddenly realized that they had been throwing money into the water before. These people include her friends, friends of friends, and the president of a bank branch in Zhuji. The illegal fund-raising case involving more than 360 million yuan was handed over to the local procuratorate.
The Intermediate People's Court of Shaoxing City, Zhejiang Province made a first-instance judgment on June 3, 20 10. Defendant Zhao Tingzhi promised to pay high interest ranging from 3 cents to 20 cents per month in the name of "Mary Kay" cosmetics business, bank lending business and futures speculation, and absorbed RMB 227.293 million illegally absorbed by Song Jianwu and others, all of which were returned.
At the same time, the defendants Song Jianwu, Zhou Manli, Ma Yijun and Yu Kefeng borrowed RMB from the public in the name of doing business, causing huge losses to depositors.
The court finally ruled that the defendant Zhao Tingzhi was guilty of fund-raising fraud and illegally absorbing public deposits, and decided to execute the death penalty, suspend execution for two years and deprive him of political rights for life; Defendant Song Jianwu was convicted of illegally absorbing public deposits and sentenced to five years in prison; Defendant Zhou Manli was convicted of illegally absorbing public deposits and sentenced to five years and six months in prison; Defendant Ma Yi was convicted of illegally absorbing public deposits and sentenced to three years' imprisonment, while defendant Yu Kefeng was convicted of illegally absorbing public deposits and sentenced to three years' imprisonment.