Chapter 360 Completely Lost

Mr. Chen narrowed his eyes: "What do you mean?"

Xu Yang smiled and said, "You should know very well what I mean. You misappropriated two billion of customers' funds and the people from the State Administration of Financial Management found out. What do you think they will do to you?"

The State Administration of Financial Management, which currently oversees the banking, securities, insurance and other financial industries, is a national ministerial-level unit directly under the leadership of the State Council.

As soon as this kind of thing is discovered, it will be dealt with seriously as quickly as possible.

People targeted by the General Administration of Financial Management will never be able to escape.

Misappropriating two billion funds would not lead to the death penalty, but at his age, Mr. Chen would never get out of prison in this life.

Cold sweat broke out on Mr. Chen's forehead immediately, but he still managed to calm down and said: "Who said I misappropriated two billion of my clients' funds? I didn't do anything. If you slander me like this, be careful I will sue you for defamation!"

Xu Yang chuckled: "Okay, then you can sue me. Let's see whether the people from the General Administration of Financial Management go to you first, or you sue me first!"

After saying that, Xu Yang hung up the phone.

Mr. Chen put down his mobile phone and immediately said: "Sell Beigang Company immediately and cash out 2 billion. We must return all customer funds today."

The old housekeeper was shocked: "Are you going to cash out two billion today?"

He looked at the time. It was already two o'clock in the afternoon, and there was only one hour left until the three o'clock closing time.

Cashing out 2 billion in one hour is not a small amount. It is impossible to trade at normal prices. The only way to sell stocks is to take the initiative to significantly reduce the price.

This is no different from smashing the market.

When the sale is completed, I don’t know how the price of Beigang Company will drop.

The old butler opened his mouth to say something, but when he saw Mr. Chen's red eyes, he seemed to understand something and immediately changed his words: "Okay, I'll sell it right away!"

After speaking, sell immediately.

Mr. Chen has been watching the old butler's operations. Seeing that the old butler was still slowly placing orders to sell, he obviously wanted to reduce the loss as much as possible.

This approach, if done normally, would definitely be appreciated by Mr. Chen.

But now, it won't work.

You know, you only have one hour.

If he couldn't sell it, couldn't get the funds back, and if Xu Yang reported it, people from the General Administration of Financial Management would come to him like a shark smelling blood.

So he said angrily: "Stop dawdling, just take the initiative to sell at a low price."

"Okay." The old housekeeper agreed and immediately sold it.

But when he was about to sell it for eighty-five yuan, the price dropped to eighty yuan.

"How could this happen?" Mr. Chen exclaimed.

"Master, Xu Yang must have taken action again. He just doesn't want us to sell at a higher price. I guess he is planning to lower the price to an extremely low price, directly buy the bottom, and take over the stocks we sold. Anyway, it is a bull market now. Sooner or later, the stock price will rise back." The old housekeeper analyzed.

"This bastard!" Mr. Chen couldn't help but cursed angrily, almost spitting out a mouthful of blood.

He didn't expect that one day he would be plotted to this extent.

This is simply like cutting him up like a leek.

But even if he knew Xu Yang's intention, there was nothing he could do.

He has to sell stocks.

If he doesn't sell, doesn't withdraw the two billion yuan, and pay back the customers' money, he will be finished.

At this time, Zheng Kaiyang said, "Old man, how about I take the money out of my Swiss bank account and give it to you first?"

Mr. Chen glanced at him sideways: "Move out? When will you be able to move out? When you move out, I will be in prison!"

Zheng Kaiyang's account is a U.S. dollar account at a Swiss bank. It is not easy to exchange it for Chinese currency.

At least it's not possible today. Whether it's possible tomorrow depends on the situation.

Zheng Kaiyang knew that he had taken it for granted and immediately stopped talking.

He also knew that this was the case, and he was anxious just now, so he said that.

Mr. Chen said to the old housekeeper: "Sell it directly for seven yuan!"

The old housekeeper had just changed the price, but before it was put on the market, the market price had already dropped to six yuan.

By this time, Beigang's stock price had collapsed.

When a large number of sell orders appeared, Xu Yang didn't need to deal with them.

Mr. Chen gritted his teeth and said, "Five dollars!"

Mr. Chen immediately followed the instructions, but still failed, and the price of Beigang Company was reduced to four yuan.

Mr. Chen yelled: "Hang three yuan!"

But as soon as he shouted, the price became two yuan.

For two yuan, the price has stopped and has not fallen.

Moreover, there are still a lot of buy orders hanging here.

Look at the number of buy orders, which is almost the same as the number of sell orders in his hand.

Obviously, this is Xu Yang's handiwork again.

I want to buy the bottom at this price.

Mr. Chen felt dizzy and almost fainted.

Xu Yang is so cruel!

He calculated that if he sold it for two yuan, he could only get back 1.2 billion.

If there is not enough to repay the customer's funds, they can only continue to sell the other two stocks.

However, there was nothing he could do. If he didn't sell it and didn't pay back the customer's money, he would have no choice but to go to jail.

"Sell it." Mr. Chen said weakly.

After saying this, he felt twenty years older.

The old housekeeper immediately placed the order and the transaction was completed instantly.

"Master, the total withdrawal of 1.2 billion is not enough." The old housekeeper said.

"Selling Nanjing Iron and Steel and Xiangang Iron and Steel must raise enough 2 billion." Mr. Chen said.

"Okay." The old housekeeper nodded and immediately sold the two stocks.

What surprised him was that when he sold Nangang Company, he also encountered the same situation just now.

"What's going on?" Mr. Chen was confused, and his expression suddenly changed, "This guy Xu Yang also owns shares in Nangang Company!"

"It should be." The old housekeeper said bitterly.

"Buy it, no matter what, you will get back 2 billion funds." Mr. Chen gritted his teeth.

"Okay." The old housekeeper operated.

Sold Nanjing Iron & Steel Company and got back 500 million.

I encountered a similar situation when selling Xigang Company. After the sale, 300 million was withdrawn.

Three stocks were sold and 2 billion was finally withdrawn.

"Give the money back!" Mr. Chen said immediately.

Only by returning the money can he feel at ease.

"Yes." The old butler immediately transferred the money to the customer's capital account.

At this moment, Mr. Chen breathed a sigh of relief.

Although it avoided being targeted by the General Administration of Financial Management, it was still considered bankrupt.

There are only 200,000 yuan in the account.

Two hundred thousand, for ordinary people, is a lot of money.

But for someone like Mr. Chen who once had huge wealth, he can be said to be a beggar.

It took Xu Yang such a short time to make Mr. Chen bankrupt, which no one could have imagined.

Everyone looked at each other, not knowing what to say.

Mr. Chen was lying on his Taishi chair, his spirit was extremely low.

For a long time, he glanced at everyone, and then slowly said: "We have lost. We have completely lost. Let's all leave."