Kwak statement « DavidCadogan.ca Forums

DavidCadogan.ca Forums » DavidCadogan.ca

Kwak statement

(1 post)

Started 10 years ago by 9f7zS4Ay3S

Tags:

9f7zS4Ay3S
Member

 And guarantees by the fictional company, engaged in high lending business, "shattering" approach, has defrauded 27 people from the hands of 140 million yuan profligacy. The leading this "Ponzi scheme" Hefei 80 Kwak, ultimately, because of unbearable high interest burden, resulting in funding strand breaks, and on February 4, 2012 surrender. Yesterday 9:20, Hefei Intermediate People's Court hearing this case involving 140 million yuan. Huang Xin reporter Wang Weiwei Lie heavily within 80 after three years of 140 million trial Defendant Kwak, Hefei,http://www.ingc.jp, born in 1981, college educated, former Department of Hefei Shushan Wu Lidun street workers (leave without pay). The prosecution alleged that since the second half of 2009, Mr. Kwak in the absence of a proper job and investment channels, the knowing that their insolvency, are still imaginary cooperation with security companies to do business in Hefei Jinding security deposit business, engaged in the lending business as an excuse, pay high interest swindled victims Lee, Ding et al 27 total 140 million yuan by promising. Statistics show that 27 victims, the highest being defrauded 36.24 million yuan, the least being defrauded more than 130,000 yuan. Among them, more than ten million yuan four people, one million yuan interval of 14 people,scarpe hogan online, several hundred thousand dollars range of 9 people. Kwak statement, deceive all the money for personal consumption, buy a car, purchase, buy luxury goods and pay high interest. Eventually, due to funding strand breaks, Kwak initiative surrendered to the public security organs in the February 4, 2012. Frauds Start a company, high interest "temptation" lending Kwak leave without pay during the period from the beginning of the second half of 2009,http://www.nigeriannewspapers.us, in order to borrow money to start a company, the debtor pay ranging from 4 to 1 gross monthly interest as bait to raise funds. "He told me that he owns a car service company, foreign trade companies, aquaculture companies, media companies and other business entities. Adding that due to lack of cash flow, is willing to borrow money interest-month high, to ease the financial pressure on the company." A Victims describe road, in order to let to believe a lie,http://211.86.128.2/gjjl/Review.asp?NewsID=595,moncler outlet italia, Kwak also worked with the victim in order to investigate the identity of the company in charge of part of the company. Another victim statement, by the end of 2009, when its borrow money Kwak said he Hefei Jinding company limited by guarantee tenure, and are very familiar with the company's executives. "He also said, at present a large number of SME financing,http://www.rockclimbing.com/cgi-bin/photos/jump.cgi, the lack of funds 'promoting blood circulation,' the company has a lending channels, I promise to give high monthly interest loan." "I know the Department of the Secretary son was believed him." According to the court investigation and Kwak statement, the defendant Kwak only in the provincial capital opened a car service company, and no such thing as a plurality of entities. In Jinding security company responsible person in the testimony that the company and Mr. Kwak have never had any business dealings aspects. During the trial, in addition to start a company, high interest "temptation" to lend more than the victims also mentioned another detail. "I know his father was Yaohai Financial Bureau, so did not believe his words, to lend money to him." The court confirmed that indeed was the father Kwak Hefei Shushan Financial Bureau,piumini moncler sito ufficiale, party secretary and other duties. But his father,nike tn pas cher, stated in testimony,http://www.shorui.com, he did not know what his son was doing business, just know that he usually high-grade life. At the same time, the personal circumstances of his son never told his father as a father to intervene. Profligacy Flower 7000000 buy watches jewelry After fraudulently obtained huge assets from the hands of the victim, Mr. Kwak began profligate luxury living a life of luxury. The prosecution pointed out that the families of victims and the accused's testimony,piumini moncler sito ufficiale, and Mr. Kwak is a normal life is very extravagant person, often for cars, what Guimai what. According to Kwak confessed to defraud the money used, mainly to buy real estate, cars, luxury goods and high interest repayment. He has spent seven million yuan to buy two Patek Philippe watches, Cartier watches, two and two sapphire ring; buy Volkswagen Passat, Buick station wagon, the BMW X5, Audi Q5 four vehicles. In addition, Mr. Kwak also in the name of his wife spent more than 300 million yuan to buy a villa in Green Harbor, with the name of the father and mother of the purchase were two Tahitian and golden name of the county housing. Third of the time to live five-star hotel For their own consumption, Kwak shot quite generous. Frequented by senior consumer sites, the walk through the head are big. Basic regularly every year with victims consumer or travel. The relatives also said Kwak, Kwak often do not go home, often living in the five-star hotel. " when a pair of shoes are three or four thousand dollars, their home has a dozen pairs of shoes. Usually in the upscale entertainment, frequently one night tens of thousands, hundreds of thousands of flowers." One victim described in the testimony Road In order to gain trust, Kwak often invite them to senior clubs or tourism. In addition, relatives said Kwak, Kwak regularly Hilton,http://www.uaenationalgames.com/en/index.php?option=com_community&view=profile&userid=19520, Westin,http://zrygsunnybuy.com/news/html/?8315.html, Gujing other hotel in booking a third time in a year to live outside. The prosecution alleged, within two years, Kwak CUP card total spending thousands of yuan. In the prosecution extraction survey shows that there will be new in the provincial capital Kwak total consumption 230,000 yuan, Golden Eagle has consumption record is 40 million. In addition, Hefei, Shanghai, Beijing, Nanjing has accommodation registration. Accommodation in the main provincial capital recorded Westin, Furui, Hilton, and equality hotels. Insolvency Up to 8 million interest payment in January Since Kwak profligate, plus every month promised to pay high interest loans. Kwak statements from the beginning of each month tens of million of interest to a few million dollars a month in interest. Peak time, a moonlight interest should also eight million yuan. The defender also mentioned that Mr. Kwak had a 5.5 million by its creditors, within five months to pay creditors about 1.1 million. However, in order to maintain the hoax, Kwak not adopt "shattering" approach to deal with. However, until early 2012, Mr. Kwak in case it is unable to sustain, and gave himself up to public security organs. The defendant is willing to fully repay the debt kin In court, the prosecutor asked, whether there are assets to repay victims now? Kwak said he is now "not a penny" and four cars and watches jewelry were mortgaged to two creditors,http://store.shopping.yahoo.co.jp/red-one/mc-0045.html, Tahitian real estate also sold to repay the debt. The defender said that after the seizure of villas and housing if they are closed, also will be used to repay creditors. Trial, the prosecutor believes Kwak huge amount of fraud, should be sentenced to life imprisonment. Counsel then proposed having a portion mitigating circumstances, and relatives of the victims on behalf of the defendants expressed regret, saying that they are willing to "the maximum extent possible to raise money to pay off debts." The case was not in court for sentencing. 

Posted 10 years ago #

RSS feed for this topic

Reply

You must log in to post.