Financial fraud The equity agreement is invalid. The equity agreement cannot be forged. The forged equity agreement is not authentic and invalid, and is not binding on all parties to the agreement. Forging an equity transfer agreement may constitute a crime of fraud and bear criminal responsibility. Equity is a comprehensive right of personal rights and property rights enjoyed by shareholders of a limited liability company or a joint stock limited company, that is, shareholders enjoy equity based on their shareholder qualifications.

Relevant regulations

According to the Criminal Law of People's Republic of China (PRC), whoever defrauds public or private property in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also or only be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated.