Under the banner of "new stock subscription and steady profit", it is "financial management" on behalf of the generation, cheating 5 people with 1.7 million, and even killing 3 innocent girls..... The Supreme People's Court ruled

Per reporter: Wang Yandan Per editor: He Jianling

Image source: Photo Network_500572013

In the hot investor education in the securities industry in recent years, we can understand that entrusting others to manage their finances privately and illegally raising funds may cause ordinary investors to suffer losses. But in the case below, investors face not only traps, but more likely black holes.

A few days ago, the China Judgment Documents Network published a criminal ruling of the Supreme People's Court. According to the ruling, defendant Li Tao Chinese, and in 2017, Li Tao lured five people into investing more than 1.7 million yuan in him with the purchase of new shares without compensation, and then Li Tao used 1.61 million yuan of which was used for personal consumption such as purchasing lottery tickets and traveling with models. In 2018, Li Tao premeditated another crime, killing three women in a row by blindfolding and slitting his throat. After the first instance trial by the Intermediate People's Court of Sanya City, Hainan Province, and the retrial by the Higher People's Court of Hainan Province, the Supreme People's Court approved the judgment of the Hainan Provincial Higher People's Court and decided to execute Li Tao, deprive him of his political rights for life, and impose a criminal ruling of a fine of RMB 400,000.

Funds from the main fund account can be freely transferred to the auxiliary fund account to defraud 1.7 million yuan

According to the criminal ruling, Li Tao was born on August 16, 1980 in Hangzhou, Zhejiang Province, gao Chinese, and a native of Hangzhou. In his twenties, he had a previous conviction – on June 21, 2007, Li Tao was sentenced to two years and six months in prison for theft and fined 5,000 yuan, and released on February 11, 2009.

Judging from the subsequent life trajectory, Li Tao did not accept the lesson of imprisonment, but intensified his efforts to go further and further down the road of crime.

In March 2017, Li Tao persuaded Cheng and others to invest in the stock market on the grounds that the new stock subscription was stable and profitable. On April 10 of the same year, Li Tao used the identity card of his father Li Mou3 to set up a main capital account and a subsidiary capital account in CITIC Securities, of which the main capital account was bound to Li Mou3's China Industrial and Commercial Bank Card, and the auxiliary capital account was bound to Li Mou3's China Postal Savings Bank Card.

On April 15 of the same year, Li Tao signed a cooperative financial entrustment agreement with the five victims- Cheng X, Zhao X 2, Zhao X 3, Niu X and Zhao X 4, which stipulated that Cheng X and five other people would contribute funds and entrust Li Tao to use the main capital account to operate the stock market.

In order to win trust, Li Tao handed over Li Mou3's Industrial and Commercial Bank Card to Zhao Mou2 for safekeeping, and set Zhao Mou2's mobile phone number as a reserved phone. However, Li Tao concealed from the five victims the fact that he handled the auxiliary fund account and bound the China Postal Savings Bank card, which also laid the groundwork for his embezzlement of the funds of the five "customers".

"Main fund account" and "auxiliary fund account" are also a cold knowledge for most A-share investors.

The "Daily Economic News" reporter consulted a securities company person on this matter. He said that the brokerage he currently works for still has this service. Specifically, each individual investor can open one main fund account and four auxiliary fund accounts at one brokerage. The tripartite depository bank card must be tied to the master fund account, and only the master fund account can be used for stock trading. The auxiliary fund account only has a transfer function, and each auxiliary fund account can be bound to one bank card. The funds in the main fund account can be freely transferred to the auxiliary fund account, but the funds on the T+1 day auxiliary fund account can be transferred to the bank card bound.

"Auxiliary capital accounts were more popular in the past when interbank transfers were not very convenient and handling fees were high", the above-mentioned brokerage pointed out: "But now mobile banking is very developed, and many interbank transfers have no handling fees and can be received in real time, so although brokers have not cancelled this service, the actual users have been very few." ”

As for Li Tao's use of the auxiliary capital account to defraud the "customer" of money, the broker pointed out that as long as the securities account is controlled by Li Tao, even if the so-called "customer" holds his tripartite depository bank card, it is meaningless. He can even not use the secondary account function, as long as he changes the tripartite depository bank card, he can easily transfer the money from the main fund account to the newly changed tripartite depository card. Therefore, do not trust others to manage money on behalf of customers, and do not easily hand over money to other people's accounts. ”

The Criminal Ruling of the Supreme People's Court pointed out that from April 15, 2017 to April 2018, Cheng and five other people invested about 1.7 million yuan in the main capital account. During this period, Li Tao transferred more than 1.61 million yuan from the main capital account to the auxiliary fund account and Li Mou3's China Postal Savings Bank Card without the knowledge of the five victims, which was used for personal consumption such as purchasing lottery tickets and traveling with models. "The above facts are confirmed by physical evidence such as the Industrial and Commercial Bank of China and the Postal Savings Bank Card of China confirmed by cross-examination during the first and second instance trials, the cooperative financial entrustment agreement, the application form for opening an account for individual investors, the statement of funds, the deposit voucher and the copy of the transaction details, the testimony of witnesses Li X3, Zhao X 1, Chen X 2, Zhao X 5, Yang X, Qi X, etc., the statements of the victims Zhao X 2, Cheng X, Niu X, Zhao X 4, Zhao X 3, and Alipay transaction records. Defendant Li Tao also confessed, which is sufficient to determine. ”

After cheating money, he twisted his mind and killed people to vent his anger

But taking the swindled money and indulging in the sound and color of the dog and horse obviously cannot satisfy Li Tao, according to the Supreme Court - he transitioned to "psychological distortion to kill people and vent his anger."

In March 2018, Li Tao recruited five young girls aged 19 to 23 as graphic models or trainers in the name of Hangzhou ×× Advertising Co., Ltd. In April 2019, Li Tao invited five girls to Sanya and eventually killed three of them.

The Supreme People's Court condemned Li Tao's behavior in an extremely severe tone: Defendant Li Tao killed three women in a row, the nature of the crime was heinous, the means were cruel, the circumstances and consequences were extremely serious, the social harm and personal danger were extremely great, and they should be punished according to law. The act of secretly stealing the property of others for the purpose of illegal possession, the amount of which is particularly large, also constitutes the crime of theft and shall be punished together in accordance with law. The Supreme People's Court decided to execute Li Tao, deprive him of his political rights for life, and impose a fine of RMB 400,000.

Li Taofu deserved it, but the savings of five victims who trusted him and "invested" in him were wiped out, and three young girls died innocently. There is one sentence that sums it up best – no one is qualified to say forgiveness to the offender except the victim and his relatives.

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