Anti-gambling and Anti-Black Xie Yalong’s life in prison

“Anti-gambling and Anti-Black” Xie Yalong’s life in prison
Minnan.com September 3rd Yesterday, football referee Lu Jun, who fell in the anti-gambling and anti-smuggling storm, was officially released from prison and regained his freedom.So, what about the lives of other prisoners in the anti-gambling and anti-crime case?Xie Yalong: Xie Yalong, a hard-read Chinese medicine book, was the vice chairman of the Football Association and the director of the Football Management Center.After imprisonment, Xie Yalong had been studying traditional Chinese medicine, such as traditional Chinese medicine cases, pharmacists and ancient books. He was probably a generation of famous doctors when he came out, and his family bought him more than 10,000 yuan of traditional Chinese medicine books.However, Xie Yalong has lived in the past, can not face the reality, is usually unhappy, almost does not communicate with the surrounding prisoners, he is thin, and his ears are not very good, anyone who speaks to him must shout.Nan Yong: Applying for patents on sports research achievements Nan Yong was the vice chairman of the Chinese Football Association.Nan Yong also paid great attention to football and sports in prison, and continued to engage in sports research. His research results also applied for patents.Yang Yimin: I also want to work for Chinese football. Yang Yimin was the deputy director of the Football Sports Management Center and the vice chairman of the Chinese Football Association.During the escort in the detention center, Yang Yimin would watch the news every day through TV and newspapers, and occasionally read some books, etc., as well as books on related laws.After the sentence was pronounced, his defense lawyer Wang Shujing copied it, and Yang Yimin stated that he still wanted to do something for Chinese football and wanted to go to university to teach.Zhang Jianqiang: Want to write a plan for women’s footballAfter imprisonment, Zhang Jianqiang planned to put his accumulated years of football experience on the pen and write a development plan for the Chinese women’s football team. The final result is still unknown.Extended reading: China’s Golden Whistle Lu Jun commuted from prison for 1 year and will not work in the sports field. Golden Whistle Lu Jun prison was commuted. Reason: study and labor points accumulated 39 pages. A generation of black whistle Lu Jun released his prison sentence.Ren Garden Group’s health team leader anti-gambling sentence: Huang Junjie was sentenced to a fine of 200,000 for 7 years Lu Jun was fined 100,000 in June of 5 years

Ruixing Coffee was delisted or was blamed by China and the United States at the same time Lu Zhengyao firmly believed that the business model was established

Ruixing Coffee was delisted or was blamed by China and the United States at the same time Lu Zhengyao firmly believed that the business model was established
On the evening of May 19th, Beijing time, Ruixing Coffee issued an announcement saying that it had received a notice from the Nasdaq Exchange and asked to delist from the Nasdaq.To proceed, Ruixing Coffee plans to hold a pre-list antique hearing in NASDAQ.In the early morning of May 20th, Lu Zhengyao, chairman of Ruixing Coffee, issued a personal statement title. At present, the company has dealt with the relevant responsible persons as soon as possible according to the results of the periodic investigation, reorganized the board of directors, updated, and actively carried out rectification, but Nasdaq did not wait.The final investigation result required the company to withdraw from the market, which was unexpected and personally deeply disappointing and regrettable.Can the hearing change the ending of the delisting?Can Ruixing Coffee ask for an antique hearing, can it change the ending of the delisting?Liu Junhai, director of the Institute of Business Law of Renmin University of China, believes that Nasdaq ‘s decision to officially inform Ruixing Coffee of delisting is not irreversible.Therefore, it is also a chance to give Ruixing Coffee a hearing.He can prove his innocence and prove that he did not meet the conditions and information required by NASDAQ for delisting.In this way, Ruixing Coffee must bear a very high burden of proof and burden of proof.”Ruixing Coffee admits that the financial fraud has caused great damage to stockholders. From the suspension of trading on April 7, there has been no resumption of trading.”From the perspective of procedural justice, Lu Zhengyao is understandably disappointed.After all, Lu Zhengyao and Qian Zhiya also made a lot of effort to list Ruixing Coffee.”Liu Junhai thinks.There is a view in the industry that Ruixing Coffee has a certain difficulty in overturning the NASDAQ delisting decision through a hearing.It is understood that the Nasdaq decision has two grounds. First, according to the Nasdaq listing rule 5101, the fake transaction disclosed by Ruixing Coffee on April 2 caused public interest issues;Listing Rule 5250, in relation to the business model of false transactions, the company used to replace public disclosure of significant information in the past.For now, the virtual fake transaction of Ruixing Coffee itself exists, which is more difficult to overthrow.In the evening of April 2 in Afghanistan, Ruixing Coffee announced that it discovered that the company had inflated a transaction value of RMB 2.2 billion from the second quarter to the fourth quarter of last year.As soon as the news came out, Ruixing Coffee closed with a 75% drop.The trading was suspended on April 7.After the incident of Ruixing Coffee’s financial fraud, rumors about the operation of Ruixing Coffee’s stores continued to emerge.Recently, there is news that Ruixing Coffee has begun to shrink in the Beijing market, and it is expected to close 80 stores.The relevant person in charge of Ruixing Coffee said that due to the impact of the epidemic and other related factors, Ruixing Coffee “closed and transferred” the stores that were unfavorable or with overlapping customer coverage, and continued to open new stores.Faced with simultaneous accountability between China and the United States?Liu Junhai believes that after Ruixing Coffee went public, many investors did not cash out and suffered significant losses.Therefore, even if the company is delisted, it still needs to face administrative sanctions and civil compensation. At present, many law firms have filed lawsuits.”According to the long-arm exception clause of the China Securities Law, although Ruixing Coffee is a listed company located in the Cayman Islands, it operates in China and within the consumer market itself. The main controlling shareholders are also Chinese citizens who reside in China.So even without the long-arm jurisdiction, the short-arm division of power also falls within the jurisdiction of the Chinese securities laws.”Liu Junhai introduced.On April 27th, the Air Force reported that Ruixing Coffee was passed over by the public security, industry and commerce departments and the China Securities Regulatory Commission.In the evening, the relevant person in charge of the China Securities Regulatory Commission said in a reporter’s question that the China Securities Regulatory Commission immediately expressed its solemn position and communicated with the US Securities Regulatory Commission on cross-border regulatory cooperation. The US Securities Regulatory Commission made a positive response.Dong Yizhi, a lawyer of Shanghai Zhengce Law Firm, who has long been concerned about the protection of investor rights, believes that according to US law, the crime of providing false financial reports and deliberately committing securities fraud is punishable by 10 to 25 years ‘imprisonment, with fines of up to 5 million individuals and companies.US dollars and 25 million US dollars.Ruixing Company, related directors and supervisors, auditing agencies and other intermediaries may also face huge class actions.In addition, according to the relevant provisions of the Constitution ‘s new Securities Law, Ruixing Coffee may face both China and the United States.Ruixing may face a budget of over 10 billion US dollars after the incident of Ruixing Coffee, investors from many places filed lawsuits against Ruixing Coffee.Dong Yizhi’s lawyer team will also file a lawsuit in the relevant courts in accordance with relevant laws and regulations.Dong Yizhi said that if it has been calculated as a time period since 2020, during the period of Ruixing Coffee on January 7, 2020, it reached the highest price of 51 during the year.38 USD / share, the lowest price after the incident was 4. It was touched on the evening of April 2, 2020.9 USD / share, and the company’s latest total share capital is 2.400 million, it may be roughly calculated that once a class action lawsuit occurs, Ruixing Coffee will face a total expenditure of about 11.2 billion US dollars (equivalent to 75.4 billion US dollars), which is 7 times the current market value.”So even if the company withdraws from the market, it is necessary to do a good job of protecting the rights of investors, including investors in the Chinese and American markets.All in all, the withdrawal of Ruixing Coffee from the market is not unexpected, because integrity will create value, and dishonesty will have to pay the price. I also hope that other Chinese stock companies will take this as a warning.Liu Junhai believes that the Ruixing Coffee incident affects the entire Chinese stock market. The US capital market is an important battlefield for developing countries to open to the outside world.Therefore, the next step is to advance the integration, legalization and integrity of our capital market.Lu Zhengyao: Do my best to maintain store operations In the early hours of May 20th, Lu Zhengyao, chairman of Ruixing Coffee, also noted, “If the company delists, the difficulties and pressures it faces will continue to increase, but almost everything, I will do my best to maintainStore operations, do everything possible to recover shareholder losses, so that Ruixing this brand can continue.”For some questions about Ruixing Coffee’s model, Lu Zhengyao said,” I firmly believe that Ruixing Coffee’s business model and business logic are established, and Ruixing Coffee’s annual revenue has continued to grow since its operation. “At present, despite the double blows of the epidemic and counterfeiting, several stores in Ruixing are still working hard to maintain operations.Internet observer Ding Dao believes that the failure of LeTV at that time does not mean that the LeTV model failed.Similarly, the problem of Ruixing Coffee Company does not mean that the Ruixing model has failed.Ruixing coffee mode is a very advanced mode, but it is very difficult to operate this mode.”Rui Xing Coffee is a service that makes drinking coffee return to life. Through Internet-based play, it greatly saves the cost of the store. In a certain way, the traditional cafe must be in a prime location in the popular business district.Large venues and high rents.However, many stores in Ruixing mode are not in a special gold position, and the storefronts are very small. Encourage users to take or leave the distribution mode.”Ding Taoshi is outstanding. It takes a lot of money to operate this model, and it will take a long time to test.”Today, Ruixing has these problems. In short, the senior management team of Ruixing Coffee is not enough to control such a new model.Memorabilia ● In January 2018, Ruixing Coffee was put into trial operation in 13 cities including Beijing and Shanghai.● In May 2018, an open letter was issued to Starbucks, accusing of alleged violations of the Anti-Monopoly Law.● In May 2019, successfully landed on NASDAQ.● In September 2019, it announced the independent operation of its subsidiary sub-brand “Xiaolu Tea”.● In January 2020, the smart unmanned retail strategy was released.● In February 2020, Muddy Water issued a short report, pointing out that the number of goods sold increased in vain.● In April 2020, the company exposed 2.2 billion yuan in financial fraud.● In April 2020, the market supervision department settled in Ruixing Coffee.● In May 2020, NASDAQ demanded its delisting.Sauna, Ye Wang Chen Weicheng, editor Xu Chao proofs Chun Chun