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2 Articles

Tags :Illegal Business Crime

Chongqing’s First Huabei Cash-out Case Was Pronounced, The Man Was Sentenced For Illegal Business And His Illegal Gains Were Recovered

Du Moumou, a man born in the 1990s, used Alipay "Huabei" to cash out more than 4.7 million yuan for others and received it. The handling fee was determined by the People's Court of Jiangbei District, Chongqing City to be an illegal fund payment and settlement business, constituting an illegal business crime.

In The Country’s First “Huabei” Cash-out Case, A Man Was Sentenced To Two And A Half Years In Prison For Illegal Business Operations.

On the 28th, the court's first-instance judgment determined that Du Moumou's behavior of helping others cash out using "Huabei" and collecting handling fees was "illegally engaging in fund payment and settlement business" and constituted the crime of illegal business operations. He was sentenced to two years and six months in prison and fined 30,000 yuan.

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