China Court Sentenced Neo Capital Founder Peng Tie to Jail for Life for Misappropriating $14.2 Billion of Deposits from 1.3 million Clients & Fraudulently Raised $1.24 Billion, Setup Wealth Management & Peer-to-Peer Lending Platform in 2013
14th July 2023 | Hong Kong
The Shenzhen Intermediate People’s Court (China) has sentenced Neo Capital founder Peng Tie to jail for life for misappropriating $14.2 billion of deposits (CNY 102 billion) from 1.3 million clients and fraudulently raised $1.24 billion (CNY 8.9 billion), having setup the wealth management & peer-to-peer lending platform in 2013. Peng Tie personal assets will be confiscated and 25 other had also been sentenced to jail and fined.
“ China Court Sentenced Neo Capital Founder Peng Tie to Jail for Life for Misappropriating $14.2 Billion of Deposits from 1.3 million Clients & Fraudulently Raised $1.24 Billion, Setup Wealth Management & Peer-to-Peer Lending Platform in 2013 “
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit