Selling two properties in Shanghai to repay debts and defrauding a colleague of 4.5 million yuan, he borrowed money to install a "second-generation rich" mobile phone for nearly 20 years
In the eyes of others, Tian is undoubtedly a "wealthy second-generation". Although his salary is average, he is very particular about his food and clothing, and he can easily replace his latest phone. If it's just one or two years, it's okay, but Tian has been like this for the past 20 years. Just recently, Tian was sentenced to 12 years in prison by the court for committing fraud. The reason why he cheated money is that he can't pay off the debts accumulated from high consumption over the years.
Tian's luxurious life can be traced back to 2003. Tian has just entered society with a meager salary and cannot afford various high-end consumer goods. Quickly, Tian discovered an opportunity - a credit card. During that period, credit cards were on the rise in China, and "advanced consumption" satisfied Tian's vanity. He almost obtained credit cards from all banks on the market at that time, relying on swiping cards to purchase branded clothes, digital cameras, laptops, and so on. As for repayment, it relies on staggered repayment dates and using money from one bank to repay another bank.
As time went by, Tian's "card based card maintenance" strategy gradually became unsustainable, but he not only did not stop there, but also began to engage in small loans, and later frequently borrowed online loans. Thanks to various loans, Tian still maintains his image as a "wealthy man" in front of outsiders. Every time he goes out to eat with friends and colleagues, he always rushes to pay the bill and receives a lot of compliments. Tian took the opportunity to package himself as a "wealthy second-generation". Not only did he come from a wealthy family, but he also had a profitable company under his name, so he didn't need money.
Around 2017, Tian's debt had already rolled into an astronomical number. With Tian's help, his parents saved over 400000 yuan, and then he sold a house in Shanghai for over 3 million yuan, but still couldn't fill the hole.
On the one hand, he was worried that he wouldn't be able to repay his debts, while on the other hand, he couldn't help but pretend to be extravagant. Due to his low reputation, Tian was no longer able to borrow money from banks or loan companies. Therefore, he turned his gaze to his colleague, wanted to borrow money from him in his name, and then put the money into his own pocket.
In August 2021, Tian suddenly shared his unspoken secrets with his colleague Xiao Gu. "My wife bought a house without telling me, and she paid the down payment. Now she doesn't have the money to pay the final payment, so she begged for your help." After that, Tian knelt down in front of Xiao Gu with a thud. The two of them were colleagues for 7 years. They usually work in the same office and have a good relationship. When they saw Tian kneel down, Xiao Gu was confused and agreed to go to a loan company with Tian. He lent out more than 2.7 million yuan in his own name. Subsequently, Xiaogu transferred all the money to Tian.
Afterwards, Tian used the same reason and "the company's cash flow was difficult" as an excuse to defraud his colleagues Xiao Liang of over 700000 yuan and Xiao Peng of 970000 yuan, respectively. Tian wrote a promissory note to the three people and assured them that he would repay the money on time every month. After a period of time, Tian couldn't withdraw any money. His parents had no choice but to sell the house under his name, and the more than 4 million yuan from the sale did not pay off all of Tian's debts. In the end, Tian, who had no choice but to surrender, voluntarily surrendered.
After investigation, from August 2021 to October 2022, Tian defrauded his colleague Xiao Gu and three others of more than 4.5 million yuan, and later returned a total of 1.01 million yuan to the above-mentioned victims, resulting in a total loss of more than 3.48 million yuan. After examination by the People's Procuratorate of Putuo District, Shanghai, it was found that Tian, with the purpose of illegal possession, fabricated facts and defrauded others of property, committed a particularly large amount of crime and constituted the crime of fraud. Therefore, he was prosecuted in accordance with the law.