# Illegal Fundraising

Justice for the Jilted: Life Sentence in China’s 31-Billion-Yuan Fundraising Scandal

Liu Bian, head of China Strategic Huaxin Group, has been sentenced to life in prison for orchestrating a 31.4 billion yuan illegal fundraising scheme. The Changsha court found that the group defrauded investors through fabricated projects, resulting in over 6.1 billion yuan in unrecovered losses.