The 2 million loans from the western suburbs branch, of which 1 million yuan were transferred to the account of the machinery company, and then Gu Mingguo used it in the futures business.

Friend's words are very accurate, the futures market implements a margin trading system (generally only need to pay about 10%-15% of the face value of the contract to buy and sell a contract), investors can indeed "fight big with small", as long as the operation is done properly, you can use nearly ten times the leverage, to obtain high returns.

However, if there is a mistake (most people will make mistakes, and it is always a small number of people who make money), the loss will be greater, and when the funds are insufficient, additional margin will be required, and when the margin is insufficient, the futures company or futures exchange will force the liquidation.

For Gu Mingguo, it doesn't matter whether it is exciting or not, the important thing is that he can be small and big, the funds in his hands are limited, if he wants to earn high returns to get himself out of the quagmire of debt, it seems that futures are the most suitable, either make a lot of money or lose everything.

In a sense, Gu Mingguo's wish came true, and in just half a month, he lost nearly 900,000 yuan, and he really lost only his pants.

The other 1 million yuan was transferred to an information consulting company held by others on behalf of Gu Mingguo, and Gu Mingguo withdrew 1 million yuan in five installments, and all of them were used to acquire the equity of the engineering company.

After the loan expired, Gu Mingguo only repaid part of the bank loan interest after being urged by the bank many times, and signed a repayment plan with the bank many times, but none of them were fulfilled.

In order to repay the loan as soon as possible, Gu Mingguo transferred the engineering company to Miao Xiangrong and transferred to him the debt of the 2 million yuan loan in the western suburbs branch of the city commercial bank.

Thereafter, Gu Mingguo and Miao Xiangrong negotiated with the Xijiao Branch of the City Commercial Bank to borrow the new to repay the old, and borrowed RMB 2 million from the branch to repay Gu Mingguo's loan at the branch with the plant and land of the engineering company as collateral.

Thereafter, the engineering company used its real estate as collateral and signed a mortgage contract with the Xijiao Branch, with a loan of RMB 1.06 million, and handled the notarization.

A few days later, the engineering company used its real estate as collateral to borrow RMB940,000 from the Xijiao sub-branch, and indicated that it would "recover the reloan".

After completing the internal approval procedures of the Xijiao Sub-branch, the above-mentioned two loans totaling RMB 2 million were reported to the City Commercial Bank for approval, but the City Commercial Bank did not approve them, and believed that Gu Mingguo's fraudulent use of real estate certificates and repeated mortgages constituted loan fraud, so they reported the case to the public security organs.

After Gu Mingguo was summoned by the public security organs, he never came out. After that, the procuratorate filed a lawsuit with the Intermediate People's Court for Gu Mingguo's crime of loan fraud.

After an open trial, the Intermediate People's Court held that the facts of the procuratorate's accusation against Gu Mingguo for the crime of fraud were clear, the evidence was credible and sufficient, and the charges were established and supported.

The defendant's argument and the defender's defense opinion have no legal basis and are not to be adopted. For the purpose of illegal possession, Gu Mingguo used repeated mortgage methods to fraudulently obtain bank loans, the amount of which was particularly huge, and used them to invest in high-risk stocks and futures businesses, causing the loss of state property, and his conduct constituted the crime of loan fraud. In accordance with the provisions of Article 12, Article 193, Paragraphs 4 and 5, Article 57, Paragraph 1, and Article 64 of the Criminal Code, it is decided that:

1. Defendant Gu Mingguo committed the crime of loan fraud and was sentenced to life imprisonment, deprivation of political rights for life, and confiscation of all personal property;

2. Defendant Gu Mingguo returned all the principal and interest of the loan to the City Commercial Bank.

"Lawyer Fang, borrowing the new to repay the old is the idea given to Lao Gu by the director of the credit department of the city commercial bank, and he also helped to operate it. It's just that now that the others are gone, we have no evidence......" Yu Wanru looked tangled.

"How did this director of the credit department and Mr. Gu meet?" Fang Yi asked.

"Hey, don't mention it, when Lao Gu started to set up a meat stall, he set up a company after making money, and the company's business was very good. The bank came to us and asked us to take out a loan.

At that time, Lao Gu made a lot of money from stock trading, and he had shifted his focus from the company's side to stocks. But the bank thought that our family's credit was very good, so they ran to our company again and again.

Later, the director of the credit department came to the door in person, Lao Gu drank with him a few times, and slowly became familiar, in order to help them complete the loan task, we borrowed a few sums of money, and repaid them when due.

Later, the director of the credit department came to Lao Gu and said that there was a bankrupt company that wanted to sell the three-story office property, and Lao Gu felt that the three-story office property was very cheap, so he bought it without much thought, but since he bought the office building, our family has not been smooth. After the bank loan was overdue, the court applied for enforcement, but it was auctioned several times and it was not sold.

Later, I learned that when the original building was built, there were fatalities, and it was very bizarre, people who knew the roots did not dare to buy it at all, and the owner was auctioned once because of debts a few years ago, and the result was a genre, otherwise the owner would not have sold the house to Lao Gu so cheaply.

A few days ago, a friend helped me invite a master and showed it to me, saying that the feng shui of the office building was not good, and it was very bad and needed to be resolved. But the notoriety of the house has already spread, and even if it is resolved, it will not be easy to sell. Yu Wanru sighed.

"Is the stock that Mr. Gu bought still there? Didn't think about selling stocks to pay off the loan? Fang Yi asked.

"I thought about it, at that time, the stocks were cut in half, and Lao Gu borrowed loan sharks outside, and he was forced by others to have no choice, so he sold the stocks first and paid back the loan sharks.

Futures are even more insignificant, and they have lost a lot of money. One million went in, and in the end, I only got back about 100,000, and I paid off my debts. Yu Wanru's face was depressed.

"The engineering company has real estate and land, and Mr. Gu transferred the debt of the engineering company and two million to Miao Xiangrong in order to repay the debt, why don't you use the money from selling the company to repay the bank loan?" Fang Yi looked at Yu Wanru suspiciously.

"This matter is a bit complicated, Lao Gu had borrowed a lot of money from Miao Xiangrong, but in fact, he sold the engineering company to him to pay off his debts, so in fact, Lao Gu didn't get the money at all.

However, the value of the engineering company was more than the amount borrowed, so the two discussed it several times, and finally Lao Miao took the engineering company in the form of a debt.

Of course, Lao Miao was unwilling to pay off the debt with real money, so he asked Lao Gu to discuss with the people in the bank to repay the two million debts by borrowing new money to repay the old.

Lao Miao is engaged in engineering, the engineering company has qualifications, and he can make money in his hands, and he will use the money he earns to pay off bank debts in the future. As long as there is a buffer of one or two years, Lao Miao can repay the debt. Yu Wanru continued to explain.

(End of chapter)