On November 20, the "Duck King of China" and the former richest man in Texas opened a trial in the Decheng District People's Court of Texas three and a half years after his arrest. You must be curious about what legal provisions Zhang Hongbo violated. I will explain them one by one below.

First of all, when Zhang Hongbo was the chairman of China-Australia Holding Group Co., Ltd., he took advantage of his position to embezzle more than 4.8 million yuan in company property, which constituted the crime of job infringement. Zhang Hongbo used this money to help relatives buy houses and pay for projects. I thought he used this money to pay off debts.

Secondly, Zhang Hongbo used his identity as a duck farmer to buy a credit card from the Industrial and Commercial Bank of China to apply for an overdraft of 50,000 yuan. Applying for a credit card was nothing, but who would have thought that he applied for 851 credit cards. Zhang Hongbo used this He cashed out 210 million in cash and committed the crime of obstructing credit card management.

Thirdly, when Zhang Hongbo was the chairman of China-Australia Holding Group Co., Ltd., he took advantage of his position and colluded with the accountant to misappropriate more than 40 million of the company's funds, committing the crime of misappropriation of funds.

? From this point of view, Zhang Hongbo is simply a heinous sinner, but who would have thought that before this, he was a national model worker and should have been a model for the people across the country. Who would have thought that he would accept the law Severe punishment, spurned by the people.

? Judging from Zhang Hongbo’s life experience, Zhang Hongbo was born in a poor family. He dropped out of school due to family poverty. Later, he turned to professional duck raising and founded Sino-Australia Holding Group Co., Ltd., achieving a reversal in his life. After the attack, he became the richest man in Texas for a time.

The reason why Zhang Hongbo embarked on the path of illegal crime became clear to people after he was controlled by the police. After Zhang Hongbo was controlled, Sino-Australian Holding Group Co., Ltd. entered bankruptcy proceedings. The debt of such a tens of billions of enterprises was as high as more than three billion. It turned out that he went to the point of no return in order to save his own company.