Was the restitution of Shanghai Jingyi a scam at first?

On July 23, 2020, the Shanghai No.2 Intermediate People's Court publicly pronounced the case of illegal fund-raising by Jingyi Group and Kong Xiangyou, and sentenced Jingyi Group Co., Ltd. (hereinafter referred to as Jingyi Group) to a fine of 2 1 10,000 for the crime of illegally absorbing public deposits and the crime of fund-raising fraud.

Shanghai Jingyi Investment Group Co., Ltd., established on 20 1 1 and headquartered in Shanghai, is an industrial group focusing on industrial investment, investment management and asset management. 18 February 10, Shanghai Jingyi Group Co., Ltd. actually controlled Kong Mou to surrender himself to Shanghai Putuo police for suspected crimes.