This chapter presents an in-depth analysis of seven landmark financial fraud cases involving companies such as LeTV and Luckin Coffee. Each case study provides comprehensive details of the fraudulent methodologies employed and the subsequent regulatory actions. These cases offer readers profound insights into the distinctive characteristics of financial fraud in China, notably its prolonged duration, extensive falsification of records, and the involvement of multiple stakeholders. Specifically, background information on each company the fraudulent activities identified by regulatory authorities, alongside the corresponding penalties imposed at both corporate and individual levels are presented, enabling readers to quickly grasp the key points of each financial fraud scandal. This chapter concludes by proposing context-specific recommendations for preventing similar financial fraud incidents, with particular attention to unique market environment and institutional framework in China.