There is such a boss who attracts state investment with false propaganda. He also threatened to launch 32 satellites in six years, and finally cheated the country of 28 billion, causing heavy losses to a large number of investors. This man is Jing Wong from Xinwei Group. Then what means did he take to complete this amazing scam?

Jing Wong was born in 1972. After finishing college studies, Jing Wong started his own entrepreneurial career. Jing Wong's business philosophy is to keep up with the facts and look at the world. This concept makes him very good at creating topics and has an innate talent for hype.

Wang Jing's first venture was about keeping in good health. At that time, this concept was popular in the society, and Jing Wong labeled himself as a master of health preservation. At that time, the title of master still had some gold content, instead of what everyone calls it now. Because of Jing Wong's excellent marketing and good packaging, he earned the first bucket of gold in his life.

20 10 Xinwei group is on the verge of bankruptcy because of poor management. Jing Wong chose to join Xinwei Group at this time and become the actual controlling shareholder. Xinwei Group itself is a subsidiary controlled by state-owned enterprises, and its background and technology still have great influence in the market. Jing Wong's joining has really filled the shortcomings of this company.

The new official took office with three fires, and Jing Wong's first fire was to build a satellite. Jing Wong contacted professors in Tsinghua University through various relationships and decided to cooperate with them. At that time, none of the private enterprises in China could launch satellites alone. Jing Wong made a marketing campaign before making achievements, which attracted many investors.

20 14 The cooperation between Xinwei Group and Tsinghua made progress, and a civilian satellite was successfully launched. After this case came out, Wang Jing's plan won more recognition. Originally, everyone was not optimistic about Jing Wong's pie, but it really came true, which really had a great impact. Jing Wong is known as a commercial superstar and patriotic businessman.

Jing Wong also struck while the iron was hot, announcing that it would launch 32 satellites within six years. This is Jing Wong's first big scam. This promise is obviously a great exaggeration, but Jing Wong, a master propagandist, painted the prospect very real, which convinced many investors that Wang Jing could really do it.

Another scam in Jing Wong is to invest 330 billion yuan to dig canals. 20 13 Jing Wong established a private company in Hong Kong, named Hong Kong Nicaraguan Canal Development and Investment Company (Shannon Investment for short). This is another very good publicity stunt, once again creating a patriotic businessman's setup. When you cheat to a certain extent, you believe it yourself.

The scam made by Jing Wong made Xinwei Group's status very high, and Jing Wong's personal worth soared. In those years, he was also a big shot in China. However, all this is propaganda, without any physical support. When everything is punctured, of course, it will collapse at an extremely fast speed.

Fake is fake after all. 20 16 Xinwei group was exposed to using various fake projects to defraud the country of 28 billion yuan. The shares of Xinwei Group began to dive wildly because of this thunderstorm, and the investors' investment can be said to be wiped out. Everyone created by Jing Wong collapsed at this moment. In the eyes of investors, Jing Wong has become a heinous bad guy.

Before being exposed, Jing Wong was still busy buying an Israeli communication company, as if to promote himself more. But at this point, no one will believe anything. The business myth that Jing Wong worked so hard to build was broken overnight, and everyone in the market shouted.

After the bubble made in Jing Wong was punctured, Xinwei Group was beaten back to its original shape, on the verge of bankruptcy, and even sold the property to pay off debts. Will Jing Wong himself be affected? Can only say that Jing Wong is premeditated, ready as early as in reality.

Jing Wong didn't bind his personal assets to Xinwei Group, which meant that he didn't have to pay for the high debt of Xinwei Group, and his figure seemed to suddenly disappear. Jia Yueting, who is similar to him, went to the United States, and he still showed his face from time to time, but it seems to have disappeared from now on.

Jing Wong himself is very clever, and one person can fool so many people around him. But he didn't use the right method and became a negative textbook. There are many places worth pondering.

You can fool for a while, but not for a lifetime. Jing Wong can be said to have enjoyed the scenery for a while, but now it has come to a sombre end, allowing enterprises to operate in good faith for a long time. There is a saying that the profits earned by businessmen are always limited. Jing Wong's idea of making quick money never lasted long, and the seeds were laid at the beginning of his failure.