Xu Chaofan: From a small gambling to a big losing bank** "Small gambling is pleasant, big gambling hurts the body", this sentence has been repeatedly spit out by people, it seems that a small gambling game is just a way of entertainment, which can relieve pressure and relax, but I have never realized the harm of gambling. Xu Chaofan, president of the Kaiping branch of the Bank of China in Guangdong Province and a fugitive**, is an example. He gradually lost himself in gambling and eventually went to the point of no return. In July 2018, Xu Chaofan was repatriated to China with the cooperation of law enforcement agencies in China and the United States, facing a huge ** charge and a sum of nearly $500 million.
In October 2021, the court sentenced Xu Chaofan to 13 years in prison and imposed a fine of 2 million yuan. Although Xu Chaofan has repeatedly claimed that he is a child of an ordinary family without any support, he became the president of the Kaiping branch at the age of 30, which makes people wonder if his family background is extraordinary. Perhaps because of his search for excitement in ordinary life, Xu Chaofan became addicted to gambling. At first, he just listened to his friend's persuasion, thinking that it was harmless to gamble a few times, but he fell deeper and deeper.
Although he made some gains at the beginning, gradually, no matter how much money he brought, he ended up losing with nothing. After the property was exhausted, Xu Chaofan began to use his power to divert the ** on the bank's books for personal use. He thought he could kill all sides, but in the end he still lost all his money, causing more and more losses. In order to fill the shortfall, Xu Chaofan thought of using his authority and loopholes in the banking system to use the bank's money for foreign exchange speculation. He also co-opted Vice President Yu Chengdong and Xu Guojun's company manager, and the three colluded with each other to extend **to**.
Xu Chaofan's series of crimes are not only violations of professional ethics, but also the facts of crimes. His story not only makes people see the dangers of gambling, but also warns us to cherish our professional ethics and stay away from all kinds of **. In the name of borrowing, they transferred a large amount of money to a company in Hong Kong. In addition, they bribed their employees with large sums of cash. At that time, everyone's salary was only a few hundred yuan, but Xu Chaofan was able to give his subordinates 500,000 yuan in red envelopes. As the state tightens its supervision of banks, they know that sooner or later they will be exposed.
So, they arranged a fake divorce and had the wife travel to the United States to marry a local in order to obtain legal status. After they fled to the United States, they remarried their wives and successfully obtained American status. Xu Chaofan once dreamed of the United States, but failed to bring him happy times. Their accounts were frozen, and they were charged with fraud and illegal entry. In the end, Xu Chaofan was sentenced to 12 years in prison. He thought he wouldn't have to go back to China after he was in prison, but he was eventually repatriated. In the Chinese courtroom, he wept bitterly and felt like a joke.
But the damage he caused to the country is irreparable, and half of the stolen money cannot be recovered. The origin of all these evils is a small gamble, and now everyone still thinks that small gambling is pleasant?