On August 1, 2025, the Dalian Intermediate People's Court of Liaoning Province handed down a public verdict on the illegal fund-raising case of Jin Cheng and three others. Jin Cheng was sentenced to life imprisonment, deprivation of political rights for life, and confiscation of all personal assets; Li Jing was sentenced to 16 years in prison and a fine for fund-raising fraud and money laundering; and Cao Jingyu was sentenced to 13 years and 6 months in prison and a fine for fund-raising fraud and illegal absorption of public deposits. The court trial revealed that defendants Jin Cheng, Li Jing, and Cao Jingyu carried out illegal fund-raising activities without approval from the State Financial Supervisory Authority. Jin Cheng, Li Jing, and Cao Jingyu knew that Dalian Shengtongrun Company and its affiliated companies were unprofitable. The funds raised were mainly used to pay the principal and interest of fund-raising participants, company operations, employee wage commissions, and personal squandering. They still misrepresented unspecified members of the public to trick fund-raising participants into purchasing relevant policy products. From April 15, 2016 to October 8, 2023, defendant Jin Cheng and others illegally absorbed more than RMB 10.7 billion from more than 100,000 fund-raising participants using various companies they actually controlled, causing more than 80,000 fund-raising participants to lose more than 7.3 billion yuan.

On August 1, 2025, the Dalian Intermediate People's Court of Liaoning Province handed down a public verdict on the illegal fund-raising case of Jin Cheng and three others. Jin Cheng was sentenced to life imprisonment, deprivation of political rights for life, and confiscation of all personal assets; Li Jing was sentenced to 16 years in prison and a fine for fund-raising fraud and money laundering; and Cao Jingyu was sentenced to 13 years and 6 months in prison and a fine for fund-raising fraud and illegal absorption of public deposits. The court trial revealed that defendants Jin Cheng, Li Jing, and Cao Jingyu carried out illegal fund-raising activities without approval from the State Financial Supervisory Authority. Jin Cheng, Li Jing, and Cao Jingyu knew that Dalian Shengtongrun Company and its affiliated companies were unprofitable. The funds raised were mainly used to pay the principal and interest of fund-raising participants, company operations, employee wage commissions, and personal squandering. They still misrepresented unspecified members of the public to trick fund-raising participants into purchasing relevant policy products. From April 15, 2016 to October 8, 2023, defendant Jin Cheng and others illegally absorbed more than RMB 10.7 billion from more than 100,000 fund-raising participants using various companies they actually controlled, causing more than 80,000 fund-raising participants to lose more than 7.3 billion yuan.