death sentence for financial fraud

zubs

zubs

Well-known member
This is why all wealthy Chinese nationals need a Plan B to get the fuck out of dodge when things start going south.  This is what happens to you when you don't bribe the right people and piss off the Chinese mafia government.  Live by the sword, die by the sword.  She bribed her way and did business the Chinese way to amass half a billion dollars, but in the end, she got the death sentence for financial fraud. 

http://www.economist.com/node/18560729

FYI: Plan B = Irvine, Vancouver, Melbourne

In a country where it's Mafia rule, even when you are at the top, you can still get screwed.
 
Docking cash in foreign RE is the primary piggy bank for Chinese nationals. They choose places of financial investment but not emotional investment. So Qwerty you should stop saying hello to Chinese people during your dog walk.

Any guesses on second piggy bank?
 
irvinehomeshopper said:
Docking cash in foreign RE is the primary piggy bank for Chinese nationals. They choose places of financial investment but not emotional investment. So Qwerty you should stop saying hello to Chinese people during your dog walk.

Any guesses on second piggy bank?
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mistresses?
 
I wonder who will inherit her cash after her demise. Chinese nationals never trust their  own government. No cash stays in the Chinese banks or any bank for the reason of trust. Having a foreign visa and cash stashed away are common for the affluents.
 
Here is a hint: Chinese government recently put a stop to a large amount of cash leaving China in both business and personal. All foreign contracts and invoices must be approved by the Government's accounting office. $30 k US dollars is the maximum limit without triggering an extensive government audit.

Credit card payment is still a loophole the government unable to control.

So here you go. This is a big hint to solve the mystery of the second piggy bank.
 
zubs said:
Hermes handbags.
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Big ticket designer Jewelries from Hermes, Cartier, Van Cleef and Winston hold value and easy to liquidate. They purchase them here and in Europe by using credit cards and pay off the balance at home.
 
The staff at Capital Seafood and Grille rent from their restaurant owner/ employer. The owner bought several houses in Irvine as investment. 20 people are living in each of the homes and each pay a monthly rent of $250.

Many of the staff go home in SGV during their days off.

Although not as lucrative as other whore houses in Irvine but this is clever nonetheless.
 
irvinehomeshopper said:
The staff at Capital Seafood and Grille rent from their restaurant owner/ employer. The owner bought several houses in Irvine as investment. 20 people are living in each of the homes and each pay a monthly rent of $250.

Many of the staff go home in SGV during their days off.

Although not as lucrative as other whore houses in Irvine but this is clever nonetheless.
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Is this fact?
 
John a manager at 888 Seafood Dim Sum restaurant knows several of the staff now working at Capital. Higher salary lead them to working in Irvine.
 
The China bank credit card way of taking money out of China still has a 2 ~ 5 percent bank transaction fee the holder must pay for using the credit card in a foreign country.  So using this method to convert RMBs to US$ isn't a bad idea, but one still must pay the bank.
 
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