Chapter 389 The Trouble of Having Money
As October draws to a close, the Northern Hemisphere begins to cool down.
Xing Baohua also put on a thick coat, but the cold outside was nothing compared to the coldness in his heart.
Just yesterday, the New York State University issued him a summons.
The investment banks and institutions that bet against him sued him.
The bizarre reason given was contract fraud.
The contract was signed in the presence of lawyers from both parties. Many of the contents were negotiated and agreed upon before the contract was signed.
Moreover, it was the other party who came to Xing Baohua to sign the gambling agreement.
Then he changed his mind and sued Xing Baohua.
The cost of litigation in the United States is not low! Especially in lawsuits between the wealthy, the biggest cost is not the judicial cost, but the cost of lawyers.
They are not only charged by the hour, but also by the number of court appearances and the amount of money involved.
Look, the news of the lawsuit was leaked by the other party, making many top lawyers green with envy.
The amount of money involved is huge; even if they only charge a 1% service fee, they won't need to work hard for the rest of their lives.
For others, the market has been bad this year, and their income has plummeted.
However, the legal profession is still quite busy.
Xing Baohua hasn't used his legal team for a long time.
Even though he won the lawsuit, he was still very distressed.
They're so rich.
If he were a U.S. citizen, he could have money, but as a foreigner, it wouldn't be so easy for him to take so much money with him.
They can only stay in the Great Beauty Country.
Xing Baohua had been subtly transferring funds, but now that his actions have been exposed to the public, it has become extremely difficult for him to do so.
The bet amounted to over 10 billion, and he still doesn't know how the profits from that be handled.
The hearing is scheduled for next week; the New York Court is quite efficient in processing cases.
Given the large sum of money involved, the media is also paying attention and continuing to report on it.
In short, Xing Baohua is now world-famous.
Some media outlets have analyzed and reported on how Xing Baohua amassed his wealth during this disaster.
Not only Xing Baohua, but several other people were also on the news with him.
It specifically points out that Xing Baohua began his short-selling strategy in early October.
The report was very detailed; it only taught people some techniques.
This is a relatively fair report, but there are also some malicious ones who say that Xing Baohua is making money off the people of America.
This is meant to provoke hatred in him.
The report also mentioned some protesters, but Xing Baohua wouldn't be angry if it weren't mentioned.
The private investigator has gathered enough evidence to prove that most of those people are not involved in the funds related to Xing Baohua.
Xing Baohua was trading futures indices, while the protesters were buying stocks.
This has absolutely nothing to do with how much money we make from them.
Xing Baohua, who had been holding back his anger for a long time, told his lawyer to sue them.
They also informed their lawyer that they would not accept out-of-court mediation.
Wasn't it a demonstration involving hundreds of people? The nominal losses incurred by the wealthy can only be described as astronomical.
The ultimate goal isn't money, but to teach these bastards a lesson.
Xing Baohua arrived at the company and had just sat down when Huang Xingyao knocked on the door and came in, carrying some documents.
He placed the building on the table and pointed to it, saying to Xing Baohua, "Boss, the company that owns this building is preparing to file for bankruptcy. The building is worth $380 million, $50 million less than when it was built. It's 37 stories high. The floor area is..."
"I'll take it on behalf of the company! You're in charge of handling it." Xing Baohua said without even looking at it.
He's currently trying to figure out how to spend his money; it's the frustration of having money but not knowing how to spend it.
Then what suddenly came to mind?
He said to Huang Xingyao, "Send someone to Los Angeles to see if anyone is selling villas in the wealthy areas there. Find the biggest, most luxurious, and top-of-the-line ones to buy."
"This..." Huang Xingyao didn't know why his boss was suddenly spending so much money, but he could only respond.
When Huang Xingyao left, Xing Baohua looked at the stock market list on the computer, not at the prices, but at the companies.
If you have too much money and don't know what to do with it, then to prevent him from taking the profits with him, you should acquire the company.
When I saw Happy Water, I was reminded of Grandpa Ba.
This is the person who acquired shares of Happy Water at a low price after the stock market crash, becoming one of its major shareholders.
It is said that when trading the stock of Happy Water, it was also used as a classic case for reference.
For some reason, Xing Baohua started looking at reports on soft drinks and even fast food like chicken.
There are even chain supermarkets like Walmart.
The world knows he makes electronic products, and if he were to invest in a company, it would be a high-tech company, or even a product company.
But now he can't even take away the little money he earns. If he invests in those high-tech companies, what's the point of his investment if they produce the goods but don't deliver them?
Therefore, they focused their attention on companies outside the industry and used speculative methods to transform them into real business sales.
So they called in the analysts and traders for a meeting.
Buy now while the stock market hasn't rebounded yet, at low prices!
Acquiring so many stocks requires a much larger amount of capital, and most of Xing Baohua's profits in index futures have not yet been executed.
The sales revenue then transferred him to HK Huahong Bank.
He looks like a billionaire, but he's actually a poor loser now.
Not to mention that there are still over 10 billion yuan pledged to banks as a gamble.
what to do?
When he was about to lose, the bank gave him a warning sign. He was now a winner, and the bank liked him just the way he was. If he needed money, he could just ask to borrow some!
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