China First P2P Lending Tuandai.com Founders Sentenced to 20 Years Jail, 44 Others Jail and Former Chairman Tan Jun Fined $7.3 Million & GM Fined Zhan
29th December 2022 | Hong Kong
China first P2P (Peer-to-Peer) lending platform Tuandai.com founders have been sentenced to jail for 20 years alongside 44 others to jail. Former Tuandai.com Chairman Tan Jun had had also been fined $7.3 million (CNY 51.5 million) & former General Manager Zhang Lin had also been fined $5.8 million (CNY 41 million). China Dongguan Intermediate People’s Court had convicted them of fundraising fraud, illegal deposits, stock market manipulation, forging invoices, and tax offences. China Paisheng Technology ad also been fined $229 million (CNY 1.6 billion) for fundraising fraud and stock market manipulation. The P2P (Peer-to-Peer) lending platform Tuandai.com is no longer in operation. Founded in 2011, the platform raised $358 million, and in 2019, collapsed after failing to repay $4.9 billion (CNY 34. billion). In 2017, former Tuandai.com Chairman Tan Jun injected Tuandai.com into Paisheng Intelligent, which was in the business of precision aluminum die casting.
“ China First P2P Lending Tuandai.com Founders Sentenced to 20 Years Jail, 44 Others Jail and Former Chairman Tan Jun Fined $7.3 Million & GM Fined Zhang Lin Fined $5.8 Million “
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China First P2P Lending Tuandai.com Founders Sentenced to 20 Years Jail, 44 Others Jail and Former Chairman Tan Jun Fined $7.3 Million & GM Fined Zhang Lin Fined $5.8 Million Shanghai, China 2021 Data Release 2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore 2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM Register Below Latest 2022 data & reports, insights & news Every Saturday & Sunday 2 pm Direct to your inbox Save 2 to 8 hours per week. Organised for success For Investors | Professionals | Executives For CEOs, Entrepreneurs & Founders - Register here Join membership group, receive updates. Receive events & programs updates. Grow business, fund-raising, investor relations, succession planning, M&A, acquisition, exits & more. New to Caproasia? Join 10,000 + Learn More | Sign Up Today Caproasia.com | Caproasia Access 2022 Events | TFC - Find Services Grow Business | Contact Us For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors Get Ahead in 60 Seconds. Join 10,000 + Save 2 to 8 hours weekly. Organised for Success. Subscribe / Sign Up / Contact Us
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