Screenshot of the webpage of Interpol’s wanted Chinese businessman Shi Jianxiang on the run. (Image source: Screenshot of the Interpol website)
[Watch News from China on November 1, 2021](See a comprehensive report by Chinese reporter Miao Wei) Chinese expatriate businessmen, movie “Ip man3 “InvestorsShi JianxiangRecently arrested in the U.S., he was accused of fraud and abuse of U.S. non-immigrantsvisaTwo counts.
“Voice of America” reported on November 1 that Shi Jianxiang, a 57-year-old Chinese businessman, was arrested in Las Vegas last week. He was accused of using a fraudulently obtained visa to enter the United States.
A statement from the U.S. Department of Justice on October 29 stated that Shi Jianxiang was arrested at a conference on cryptocurrency investment in Las Vegas. The statement stated that Shi Jianxiang lied during the process of obtaining a non-immigrant visa for the United States. When applying for a visa, he stated that he had never used another name, but he held another travel named “Niulong” (Long Niu, transliteration). ID card, and entered the United States with this ID card in February 2017.
On October 28, Shi Jianxiang1 appeared in the Las Vegas Federal Court for the first time. The judge believed that he might escape and ordered him to be detained while waiting to be tried in Miami.
According to reports, Shi Jianxiang acted high-profile after arriving in the United States and ran a film and television investment company in Hollywood. He also publicly lives in California and Nevada under the name “Morgan Shi”.
“Voice of America” stated that, according to the indictment, Shi Jianxiang was charged with fraud and misuse of US non-immigrant visas. If convicted, he will face up to 10 years in federal prison and a fine of up to $250,000.
“Ip Man 3” gold master Shi Jianxiang is wanted
According to a report by “Modern Industry and Commerce”, in 1999, Shi Jianxiang was commissioned by the Changning District Government of Shanghai to acquire Shanghai Kuailu Wire and Cable Co., Ltd. for 1 billion yuan to establish Shanghai Kuailu Investment Group. Shi Jianxiang is the chairman of Kuailu Group.
In 2014, Shi Jianxiang successively established more than 10 Kuailu P2P companies, and at the same time controlled many listed companies such as Shenkai and Shifang Holdings.
Shanghai Kuailu Group is an investor in the movies “Ip Man 3” and “The Big Bombing”. Among them, “Ip Man 3” invested by Kua Lu directly caused problems in Kua Lu’s capital chain.
On March 4, 2016, “Ip Man 3” was released, and there were frequent good news at the box office. However, the ensuing “box office fraud” questioning has also pushed it into a whirlpool of public opinion, and then a series of financial risks behind its box office guarantee have gradually been revealed, including: the establishment of multiple financing shell companies, suspected of excess Guarantee, repeatedly raise funds for a single movie project, repeatedly mortgage movie box office income to raise funds and so on.
On April 5, 2016, Shi Jianxiang, Chairman of Kuailu Group, resigned due to physical reasons. Shi Jianxiang has been overseas since then. In January 2017, the Shanghai Public Security Economic Investigation announced that the Interpol issued a red warrant for Shi Jianxiang on January 9. According to China’s official records, Shi Jianxiang is on the list of China’s highest-level most wanted persons for financial crimes.
Lu Media “Cainiao Finance” once wrote an article that Shi Jianxiang was laundering money under the guise of financing movies, left-handed P2P, right-handed movies, I don’t know if the money was actually invested in movies, anyway, the investor’s money is gone.
Shi Jianxiang has a close relationship with the “Shanghai Gang”
Shi Jianxiang is a native of Shanghai and was exposed to have a close relationship with the “Shanghai Gang” powerful. Overseas Chinese media disclosed in June 2018 that Chen Chaoxian and Shi Jianxiang are both Chen Liangyu’s horses. Later, Chen Liangyu and Chen Chaoxian were defeated because of their involvement in the Shanghai social security case.
According to people familiar with the matter, both Chen Chaoxian and Shi Jianxiang are good at figuring out the intentions of high-level officials and once did a lot of things for Chen Liangyu. For this reason, Shanghai Changning Donghongqiao Microfinance Co., Ltd. was a reward that the “Shanghai Gang” later approved specifically to Shi Jianxiang. At that time, the Changning District Government did not approve any other similar companies.
According to people close to Shi Jianxiang, Shi Jianxiang lived extravagantly. He rented two Hongqiao Guest House villas for a long time and spent 20 million to renovate the villas in the western suburbs. In the heyday of Kuailu, Shi Yeyeshengge often invited all executives and celebrities to party in the villa, and put down the financing platform of Haoyan to make hundreds of millions of dollars a day, and the money spent was money.
Previously, Lu Media disclosed that in May 2017, Kuailu Group and “Donghongqiao Guarantee” were both suspected of fundraising fraud and had been filed by the Economic Investigation Detachment of the Ning Branch of the Shanghai Public Security Bureau. According to the report, the chairman and legal representative of “East Hongqiao Guarantee” is Huang Jialiu.
In January 2019, the Shanghai First Intermediate Court publicly pronounced Shanghai Kuailu Investment (Group) Co., Ltd. (the “Kailu Group”), Shanghai Changning Donghongqiao Microfinance Co., Ltd., and Shanghai Donghongqiao Financial Guarantee Co., Ltd. , As well as a series of cases involving 15 people including the defendants Huang Jialiu, Wei Yanping, Zhou Mengmeng, and Xu Qi (American), including fundraising fraud and illegal absorption of public deposits.
The investigation found that between September 2013 and August 2015, Shi Jianxiang (a separate case dealt with), in order to implement illegal fund-raising activities, established the Kuailu Group as the core and unified management of Donghongqiao Small Loan Company, Donghongqiao Guarantee Company and Jinan Financing platforms such as Deer, Tianxi, and China Overseas Investment. According to statistics, the illegal fundraising in the case totaled more than 43.4 billion yuan, and the proceeds were all transferred to Shi Jian Xiangshi’s control account. Except for more than 28.2 billion yuan which was used to redeem the principal and interest of previous investors, the rest was used to pay various operating expenses. , Equity acquisition and film and television investment and other business activities, transfer to overseas and purchase of vehicles, personal squandering, embezzlement, etc. As of the incident, the actual economic losses in this case totaled more than 15.2 billion yuan.
Source: Look at China
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