Chapter 665: Comprehensive Ban
Everyone stopped arguing and turned their eyes to Lu Yian.
Lu Yian cleared his throat and said, "Lu Yiming bought a fund company there a few years ago and raised funds with an annual interest rate of more than 8%."
"Eight percent annual return? That's too high."
"It's incredible that a financial product can have a 4% return. How can he have 8%?"
"Is this against the law?"
Everyone was shocked by this rate of return.
The Internet winter has not yet passed, and the stock market has been even more gloomy due to the Twin Towers crash. The returns of many serious investments are less than 8%, and his financial product has a return of 8%? Compared with countless miserable peers, this rate of return is simply outrageous.
Luo Yongjie felt as if he had grasped the key to the matter, and suddenly realized: "Is he committing financial fraud and illegally raising funds?"
Zhao Bin was delighted when he heard this, and said with a smile: "This crime can be serious or minor. With a little effort, he will be skinned alive!"
However, Lu Yian sneered and said, "You think too simply! That is Hong Kong, one of the three major financial centers in the world. The legal standards are different from ours, and his company has complete documents and is operating legally!"
Zhao Bin was stunned for a moment, and asked anxiously, "Is this still considered a legal business? Is there nothing we can do about this guy?"
Funding was the direction he had finally found to attack Lu Yiming. It would be too bad if it failed.
Lu Yian shook his head slightly and said, "Not really. Hong Kong has also been investigating his future fund recently. I have several friends in the local financial circle. They said that the rate of return given by Lu Yiming is too high and unreasonable. He must be running a Ponzi scheme."
This immediately gave everyone hope. Since everyone in Hong Kong was targeting Lu Yiming, it meant that there must be something wrong with Lu Yiming. Even if there was nothing wrong, he would definitely have angered the public in Hong Kong. If they exerted a little more strength and were sandwiched from both sides, would Lu Yiming be able to withstand it?
Luo Yongjie immediately thought of a solution and said, "Great, then we will directly contact the media to spread the word that he is suspected of illegal fund-raising. Anyway, we are not going to say anything final, and he will not be able to refute us when the time comes. It's just my guess, and it's not against the law. When the time comes, we will ruin his reputation, which will inevitably trigger a run on the bank. Then we will see how he dies!"
Is the truth important? Let's nail the person to the pillar of shame first! Rumors can spread quickly, but the truth will run away. When the time comes, thousands of people will point fingers at you, and the public opinion will melt gold. I'm afraid that even if I have a hundred mouths, I won't be able to defend myself!
“That’s a good idea!”
"Just do it!"
"The media has freedom of the press. An 8 percent return is too high. This is completely reasonable to question."
“That’s right.”
After thinking about the method proposed by Luo Yongjie, everyone felt that it was highly feasible.
The cost of this method is very small, almost negligible. It does not require spending a large amount of money, nor does it require relying on connections or owing favors to others.
The most important thing is that this method is extremely destructive. As long as it can shake the confidence of investors in Lu Yiming, the depositors alone can force Lu Yiming to death.
The more everyone thought about it, the more they felt that this method was perfect. Zhao Bin immediately decided, "Let's do it!"
“《Is he a business genius or a fraud genius?》”
"Revealing the untold story of the youngest billionaire in Xia country"
On television, in newspapers and even on the newly emerging Internet portals, there were endless reports about Lu Yiming's dark history of starting his career by "fraud", and the public opinion offensive came one after another.
The relevant parties soon noticed this public opinion. Based on the principle of rather doing nothing than making no mistakes, they quickly stopped the construction of projects related to Lu Yiming and set up an investigation team to look into the matter.
In Baiyun City, Lin Shuyi, wearing a hard hat and a smart suit, was inspecting a construction site. As a result, several men with badges on their chests, after showing their identification and orders from their superiors, directly wanted to seal off the construction site.
This made Lin Shuyi very anxious. After all, she was going all in now. The construction site in front of her was the lifeblood of the Lin family. What would happen if she just sealed it off?
"Comrade, our construction site has always been legal and compliant, and fire safety and other aspects have all passed the review. Why are you suddenly closing the construction site?"
The leader said expressionlessly, "We have received an order from our superiors that Mr. Lu Yiming is suspected of multiple crimes including financial fraud and illegal fundraising. All projects in which Lu Yiming has invested must be temporarily sealed pending the results of the investigation."
Upon hearing this, Lin Shuyi's head suddenly made a buzzing sound, and it felt like the CPU was about to overclock.
"Lu Yiming, financial fraud? Illegal fundraising? Are you kidding me?"
"Comrade, have you made a mistake? There must be some misunderstanding here."
The man snorted and said contemptuously, "Misunderstanding? I hear about misunderstandings countless times every year, and there are almost no cases where there is no problem in the end. We have observed Lu Yiming for a long time. In just a few years, he went from being penniless to being the richest man in Xia Country. Do you think it is possible through normal means? There must be something wrong when things are abnormal, there is no doubt about that. Don't struggle, just wait for the notice from the higher-ups."
"you……"
Lin Shuyi wanted to say something, but these people didn't even give her a chance to speak and just left.
As the saying goes, a broken drum attracts thousands of people. These people, who were originally the lowest-level staff, did not have the qualifications to meet and talk with Lin Shuyi before. Even their immediate superiors had to bow and scrape in front of Lin Shuyi. Not to mention Lu Yiming, even their superiors' superiors might not have the opportunity to meet Lu Yiming.
But now, as soon as Lu Yiming got into trouble, these people all jumped out. The richest man and the outstanding young man did not exist at all in their eyes.
“This Lu Yiming!”
The entire construction site was sealed off, delaying progress, and the daily loss was unknown. Lin Shuyi was anxious and angry, and wanted to call Lu Yiming to ask for an explanation, but she felt that calling was not enough, so she flew directly to Zhonghai to ask Lu Yiming in person.
Not only Lin Shuyi's construction site, but also those companies directly invested by Lu Yiming have become the focus of attention. Some have been sealed off, some have been suspended for rectification - if you ask the reason, it is the idea of the higher-ups, and they are waiting for further notice.
As for the workers' livelihood issues and unemployment caused by company bankruptcy, no one will consider them.
Even China Overseas' Yiming Plaza project was ordered to suspend construction.
For a time, Lu Yiming's halo as the richest man faded, and those who had suffered at the hands of Lu Yiming began to add insult to injury, trying every means to suppress Lu Yiming and vent their anger.
The official also issued a statement to withdraw all honorary titles and awards given to Lu Yiming, and the specific situation is subject to further investigation.
Although the matter has not been concluded yet, the relevant parties are still happy to do something that may bring bad luck if involved but does not cause any problems.
As for everyone being happy before anything goes wrong?
That's bullshit.
This situation made Zhao Bin and others very happy.
"Haha, Old Luo, you are amazing. Look, now the youngest richest man in our noble Xia country has become a rat crossing the street that everyone wants to beat!"
Luo Yongjie was also very surprised and said, "It seems that some people are more cautious than I thought. It is really a pleasant surprise that they can make such a big fuss."
Zhao Bin snorted and said, "Lu Yiming, Lu Yiming, I want to see how you die this time!"
Lu Yiming has invested in too many fields, and many of them, such as chips, integrated circuits, high-precision machine tools, etc., are industries that spend money like water, but produce results very slowly, and profits are far away. These industries have occupied a large amount of Lu Yiming's funds. However, there are very few projects in Lu Yiming's hands that can quickly recover funds.
There is no doubt that in the eyes of Zhao Bin and Luo Yongjie, as long as Lu Yiming's capital chain is broken, the business empire built by Lu Yiming himself will collapse.
Since ancient times, there have been more people who add icing on the cake than those who help in times of need. When Lu Yiming was at his best, naturally people from all walks of life came to curry favor with him, but now in Lu Yiming's situation, it is foreseeable that everyone will avoid him, and the bank is even less likely to allocate funds to help him through the difficulties.
Zhonghai, when Lin Shuyi arrived it was afternoon, and Lu Yiming happened to be having afternoon tea in the view restaurant on the top floor of Zhonghai International Hotel.
Looking at Lu Yiming lying on the rattan chair with his legs crossed, looking very comfortable, Lin Shuyi felt very angry.
"Lu Yiming!"
Lu Yiming turned around and looked at Lin Shuyi, who was wearing a white suit. He immediately sat up straight and joked, "Oh, Miss Lin, you have so much free time that you actually came to Zhonghai without telling anyone? It just so happens that, come, let's have afternoon tea together."
Seeing Lu Yiming's nonchalant look, Lin Shuyi was so angry that her eyebrows were shaking. She slammed the table and shouted, "Lu Yiming! Do you know what's going on outside? My construction site has been closed down. They said you are illegally raising funds and committing financial fraud!"
Lu Yiming smacked his lips and said, "Good tea!" Then he put down the cup and said slowly, "How fresh! It's not just your construction site that's been sealed off. All the others have been sealed off as well."
Lin Shuyi: “…”
Damn it!
"So you're just going to give up, right? Hurry up and find a solution, or everyone will be killed by you."
Lu Yiming smiled and said, "Just be patient, just be patient."
"The newspapers say I'm a liar. Do you believe it?"
Lin Shuyi took a deep breath but said nothing.
Frankly speaking, with the speed of Lu Yiming's rise, Lin Shuyi didn't believe that he hadn't taken some unconventional measures.
Doing business is actually the art of telling lies with open eyes. If you don't have this ability, just focus on farming.
It doesn't matter if you cheat, but the most important thing is not to be caught by anyone.
As long as you are not caught red-handed, you are innocent.
Lin Shuyi said, "How can you ask me to be patient? There are hundreds of people waiting for food on the construction site. Do you know how much money will be lost if the work is stopped for one day?"
With expenses continuing and money-making methods cut off, how much cash flow does Lu Yiming have and how long can it sustain the investigation?
As long as the capital chain is broken, everything in front of us will come to nothing, there is no doubt about it.
Lu Yiming said lightly: "I have nothing to fear from my own shadow. Once they have finished their investigation and there is no problem, everything can continue naturally. How much is the wages of the workers? Don't worry, I have plenty of money."
Lin Shuyi couldn't help but hold her forehead with her hand: "I'm telling you, don't be so chauvinistic. If you have any difficulties, just tell me. It's not shameful. I dare not say more, but I can still take out 1 billion. It's better to lose face than to lose your life, right?"
After hearing this, Lu Yiming couldn't help but look at Lin Shuyi with admiration.
A friend in need is a friend indeed. Although Lin Shuyi helped him because she was tied to the chariot of Jingyi Real Estate, if she didn't help, Jingwan Group would probably fall into the pit as well. But Lu Yiming still kept this kindness in his heart.
You know, after the incident, everyone called Lu Yiming to ask for an explanation, and many even expressed their intention to withdraw. Lin Shuyi was the only one who took the initiative to offer money to tide over the difficulties.
Lu Yiming said with a childish face, "No, no, if I take your money, wouldn't I be a gigolo? I can't afford to lose this person."
Lin Shuyi was so angry that she stamped her feet: "You guy, you are so stubborn that you have to suffer in your life!"
"Hey, didn't I tell you? I have plenty of money!"
Just as Lin Shuyi was about to speak, the phone on the table rang. Lu Yiming took the phone, opened the cover, and said, "Hello?"
The call was from Wei Liqun, who said anxiously, "Boss, our fund company has been run, and investors are demanding their interest and principal be redeemed."
A bank run is fatal for any financial institution.
Especially those who are running a Ponzi scheme will be exposed once there is a run on the bank.
But Lu Yiming is not like that!
The money he earned far exceeded the investors' principal and interest, so he was not afraid of a run on the bank.
You can make tens or even hundreds of billions by just going to the United States. What does the investor’s principal and interest mean?
Not even a drop in the ocean is worth a ton!
Lu Yiming said nonchalantly, "These idiots who believe everything they hear, if they want to run away, just let them run away. All those who have redeemed their money, register them and put them on the system blacklist. If they want to invest again in the future, just reject them."
Wei Liqun was completely confused: "Uh... Boss, now is the time for us to work together to overcome the difficulties. Isn't it wrong for us to do this?"
How can a fund company refuse investors to invest money? It's too late to kneel down and call me daddy, okay?
But Lu Yiming is obviously a boss with a temper. It’s tiring enough for him to make money with those idiots, and now he has to take care of their emotions?
How can such a thing be possible in this world?
Lu Yiming snorted and said, "What's wrong with that? It's my freedom to do business with anyone. Since they don't want us to help them make money, why should we serve them?"
Seeing Lu Yiming's firm attitude, Wei Liqun had nothing to say and had to faithfully carry out Lu Yiming's orders.
After hanging up the phone, Lu Yiming threw the phone on the table.
Lin Shuyi was overwhelmed: "There was a run on the Future Fund?"
Lu Yiming complained: "Yeah, a bunch of short-sighted guys, I won't play with them."
Lin Shuyi said, "Avoiding risks in a timely manner is what normal people should do, right? People who are not related to you at all, they all say you are a fraudster, of course they will take the money they invested in you to stop the loss in time. Do they want to take their hard-earned money and suffer with you? You don't want to find a way to solve the problem, but you actually solve the problem for the person who raised the problem?"
What kind of crazy operation is this?
Dianguang Automobile was also ordered to stop business for rectification. At 10 o'clock in the morning, Lu Ding, who had just gone to work, came back. Ning Xuehua, who was about to go out shopping, was very surprised to see this: "Didn't you just go to the company? Why are you back suddenly?"
Lu Ding said unhappily, "Just now the relevant department issued a notice saying that Xiao Ming was suspected of financial fraud and illegal fund-raising, and the company was closed down."
"ah?"
Hearing this, Ning Xuehua felt like her soul had flown away, and she immediately said reflexively: "How is it possible? Xiao Ming would never do such a thing!"
Lu Ding took out the newspaper he bought at the newsstand at the entrance of the community and said, "Whether you believe it or not, this is what is reported outside."
Ning Xuehua hurriedly took out her cell phone and said, "I have to call my son right away."
At this time, Lu Yiming was drinking hand-brewed coffee by Shi Qingxue in the Lu family garden.
Seeing Shi Qingxue's peaceful expression, Lu Yiming said, "People outside say I'm a big liar. What do you think?"
Shi Qingxue didn't even raise her head, still grinding the matcha powder slowly, and said, "I believe you."
These simple words warmed Lu Yiming 's heart.
No matter how the world changes, Shi Qingxue will always be the one who trusts him the most and will always stand firmly behind him.
Lu Yiming said, "My mother called me just now and said she was worried about my situation. I'm planning to go back. Do you want to go with me?"
"good."
Shi Qingxue didn't ask anything and agreed directly.
"Then let's go."
Before dinner, Lu Yiming and Shi Qingxue returned to Baiyun City.
"Dad, Mom, we're back."
"Uncle and aunt."
As soon as he entered the house, Lu Yiming smelled a strong fragrance and asked quickly, "Mom, what are you doing? It smells so good."
Ning Xuehua said, "I made you some squid, pork tripe and chicken soup. Xiaoxue, watch TV and eat some fruit first, it will be ready soon."
Shi Qingxue walked into the kitchen and said, "What can I do? Do you want me to pick some vegetables?"
Ning Xuehua smiled and said, "No, no, just go sit outside, it will be ready in no time."
Lu Ding said, "I'll go wash the fruit for you."
Lu Yiming said: "Let me do it."
After washing the fruit, the three of them sat on the sofa and watched TV. What surprised Lu Yiming was that Lu Ding was watching an economic program, which was also talking about Lu Yiming's fraud.
