After reviewing the company's debt ratio, Xing Baohua realized that he was indeed heavily in debt.
The fixed assets and shares have all been mortgaged. If something unexpected happens in the United States and the money isn't repaid on time, those properties or shares could very well belong to someone else.
Given the dangerous atmosphere and the high debt ratio, the bank should have taken timely measures to control the risk.
He managed to control the situation during the stock market crash because the banks didn't have the money to support him, which Xing Baohua could understand.
But now the economy has stabilized. Even though it is still declining, once it gains public approval, it will rebound.
What would happen if the bank failed to implement risk control measures and continued to lend to him until he was unable to repay his debts?
First, use a federal investigation to disrupt the company's structure, making it unable to operate normally. Without operation, there will be no profit.
How can we repay the money if there's no profit?
Auction of shares or real estate?
Thinking of this, Xing Baohua broke out in a cold sweat again.
This is a complex scheme!
If I hadn't been looking up some case studies out of boredom, I wouldn't have known how dangerous I was.
Xing Baohua has worked with many banks, but he doesn't believe they've all joined forces.
Morgan Stanley or Citibank? I can't quite figure it out myself.
So, reduce your own risk by not borrowing from these banks and stop damaging your debt ratio in time.
The problem is that if he doesn't use these banks as intermediaries, it's difficult for money from other places to come in.
Hua Hong Bank has no branch in the United States and can only act as an intermediary through these banks.
The more Xing Baohua thought about it, the more something seemed off. In order to verify some of his thoughts, he could only slowly do some research.
This confirms that he's now hooked.
We need to think about how to get out of this mess. If all else fails, we can learn from the gecko and detach its tail!
You can never earn all the money in the world; you can always make up for your losses elsewhere.
He doesn't know where he went wrong, which has led to his current very passive situation.
In order to resolve this, the only option is to go through the legal system to unfreeze the profits and use that money to pay off the debts.
This level of difficulty is like entering a hellish dungeon and fighting a boss.
It's too difficult.
He was thinking about how to cheat others, but little did he know that he would become someone else's meal.
What can we do?
Wall Street really is full of wolves!
Call the lawyers and have them all come to your office to inquire about the case.
He now wants to know the worst possible outcome.
While waiting for the lawyer to arrive, Huang Xingyao, who had just been released on bail, knocked on the door and came in.
Xing Baohua could only offer words of comfort, saying, "You've suffered."
"Boss, someone called me and promised me five million to give false testimony."
The fact that he said that proves he refused.
I don't know if anyone else received a call, that's all I can tell you, be careful.
"Thank you. I won't say anything more. Here's the deal: I'll give you 10% of the shares in the Hainan branch of Da Meizi Guo. The current profits of this branch are much more than five million." Xing Baohua walked up to Huang Xingyao and patted him on the shoulder.
It can be seen as winning people's hearts, and also as a way of expressing gratitude.
He was grateful that someone was still standing by his side; money was no longer that important.
How proud you are when you find out you have over 10 billion! But then you realize you're in debt, and it's not even yours.
It simply means what's on paper.
What's the difference between this and giving you a banknote worth billions discovered by the Tiandi Bank?
Huang Xingyao didn't seem particularly excited; he just nodded, perhaps because he had been taken away for investigation unjustly and was under some psychological pressure.
"I'll allocate another 20% of the shares as an employee stock ownership plan. You and the other managers should discuss how to distribute it," Xing Baohua instructed.
"Okay, boss, thank you on their behalf. I'll show you the proposal later." Huang Xingyao said, then turned and took his leave.
Watching the person leave, Xing Baohua inwardly scoffed, "False testimony?"
This is even harder than doing it for real.
They really know how to have fun!
After the lawyers arrived, Xing Baohua told them that some of the employees who had been taken away for investigation had received phone calls from strangers offering five million US dollars to testify.
This testimony would obviously be false. He asked his lawyers to assess the worst-case scenario if someone were to give false testimony in court.
So here's the question: to give false testimony or evidence, you need some basis. Can Xing Baohua prove that this basis or testimony is invalid?
Xing Baohua assured the lawyers that he relied entirely on this technical analysis when trading the two index futures.
Nobody gave him any information?
What was originally a single case—a contract dispute—has now become two separate issues due to the involvement of investigators: whether or not there were any financial irregularities?
Once an investigation confirms financial irregularities, contract disputes are overturned.
Moreover, Xing Baohua deliberately used fraudulent means to set up the betting agreement.
Once Thresh is involved, given the enormous sums of money involved, he'll have to thank the judge for his leniency, even if it's at least thirty years.
It is said that a financial tycoon involved in defrauding hundreds of millions of dollars was sentenced to more than two hundred years in prison.
The lawyers were divided into two groups: one group was responsible for the investigation bureau, and the other group was responsible for disputes related to the betting agreement.
The data collected by Xing Baohua consists of the results of the analysts' daily analysis, and Xing Baohua mostly follows the results.
Some of those who didn't leave did so based on their gut feeling.
The day after the meeting, Xing Baohua was cornered in his office by FBI agents when he arrived at work.
This time, we're taking him with us.
The reason given is that someone has confirmed that Xing Baohua engaged in irregular operations.
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