According to the Associated Press, the New York Times and other media, on May 9 local time, Chinese billionaire Qin Hui was deported from the United States. He was sentenced to six months' imprisonment for having reached a plea agreement on charges of participating in political contributions, immigration fraud and forging identity documents in the name of others. He agreed to give up his green card after his sentence was completed and released, and was deported from the United States.
Qin Hui, 56 years old, was included in the Forbes Rich List with a wealth of $1.8 billion. He was the chairman of the Hong Kong entertainment company "Xingmei Culture", which has been dissolved. Qin Hui is also the boss of "Heaven and Earth".
The picture of Qin Hui, the former boss of "Heaven and Earth", being deported from the United States is the data picture
In 1995, Qin Hui borrowed 1.8 million dollars to buy a nightclub, renamed it "Heaven and Earth", and developed it into the most famous nightclub in Beijing, with extremely luxurious interior. In 2005, "Heaven and Earth" was sold by Qin Hui.
On April 26, 2005, Qin Hui was arrested on suspicion of bribery, and was allowed to obtain a guarantor pending trial after paying the deposit, which has since faded out of public view. It is said that he left the United States after the lawsuit.
In May 2010, "Heaven and Earth" and three other top entertainment venues were ordered to suspend business for six months due to paid attendances. No one has taken over the business since then.
On October 2, 2023, Qin Hui was arrested in an apartment of Manhattan Plaza Hotel in the United States on charges of "using false identity documents". He was later charged with participating in political donations in the name of others, immigration fraud and forging identity documents.
Qin Hui was included in the Forbes Rich List with a wealth of 1.8 billion dollars
According to court documents, from December 2021 to December 2022, Qin Hui donated 16000 dollars to New York City officials and congressional candidates in the name of others to defraud green cards and Florida driver's licenses. Qin Hui agreed to repay the political contributions they paid to those who borrowed names.
It is reported that one month before his arrest, Qin Hui was also arrested for another civil fraud case. A federal judge on Long Island ruled that he was at risk of absconding because of "huge wealth" and threats to his ex-wife as a witness. According to the Long Island Prosecutor, Qin Hui tried to attack his ex-wife twice, one time to break her door lock with an axe, the other time to strangle her.
In addition, in Manhattan, Qin Hui was sued by a company owned by Zhongzhi, demanding to repay $450 million in arrears. According to the report, after the arbitration began, Qin Hui transferred the ownership of a house in Long Island to his ex-wife and former mother-in-law at a price of $10.
According to the petition against Liu Duo filed by Qin Hui to the Manhattan High Court, although Qin Hui and Liu Duo divorced in China in 2021, they still lived together after arriving in the United States, and political contributions were also donated in the name of Liu Duo.
According to public data, Liu Duo was born and raised in Beijing, China, and won the "Miss China" in 2006 and the first prize in the 2008 China Model Contest. He immigrated to the United States through the "Special Talent Plan" in 2010, and became an American citizen in 2017. She was appointed by the New York Mayor's Office as a member of the "Asian Affairs Advisory Committee".
The picture shows the data of Qin Hui's ex-wife Liu Duo
On March 18, 2024, the East District Prosecutor's Office of New York, the United States, announced that, Qin Hui pleaded guilty to the charges of "illegal political donation, immigration fraud and making false identity documents". After pleading guilty, the prison term was six months, and the time served was included in the sentence.
As part of the agreement reached with the prosecutor, Qin Hui agreed in this case to leave the United States after serving his sentence, give up his American green card, and be deported to a country other than the United States.
Extended Reading
At the beginning, the former boss of "Heaven and Earth": the first wife of "Princess" with college degree or above is required to have a deep background
On the 18th local time, Hui Qin, a former "Forbes" billionaire and Chinese citizen, pleaded guilty in the Federal Court for the Eastern District of New York. Qin Hui agreed to give up his "lawful permanent resident status in the United States" and will be deported from the United States after serving his sentence.
Qin Hui is "the first private media tycoon" and the master of "Zhuojing" and "Xingmei" who once stirred up the capital market, but his more popular identity is that he was once the boss of the top nightclub "Heaven and Earth" in China.
The first bucket of gold
Qin Hui was born in Beijing in 1968, and his ancestral home is Daxian County, Sichuan Province. His father worked in the 529 Factory of the Ministry of Aerospace Industry, and his mother was a teacher in Daxian County.
Qin Hui (as a child) took a group photo with his family in front of Tiananmen Square
When Qin Hui went to school in Zhongguancun No. 2 Primary School, there was a female classmate named Lin Jing, who later became Qin Hui's first wife. Lin Jing has a deep background.
In 1989, Qin Hui graduated from the University and joined a certain institute of the Fifth Academy of the Ministry of Aerospace. Soon he moved to a US funded communication enterprise to participate in the construction of the Great Wall Network (the predecessor of today's China Unicom CDMA network).
In 1991, Qin Hui went to the sea. After several attempts, he began to engage in iron ore import and export trade, and successfully dug the first bucket of gold.
Zero Of The World
"In my dream, I didn't know that I was a guest, but I enjoyed myself for a while. Flowering flowers and falling flowers, spring is gone, and heaven and earth are gone." (Li Yu)
Qin Hui's later legendary stories with rich colors began from "heaven and earth".
In 1995, Qin Hui bought a nightclub from a Taiwanese businessman with a guaranteed loan of 1.8 million dollars from a company with special background, and renamed it "Heaven and Earth".
The Heaven and Earth is located on the west side of the auxiliary building of the Great Wall Hotel, a five-star hotel in the east third ring road of Beijing, next to Sanlitun, and the interior is extremely luxurious.
The management team is Taiwan's "Four Seas One Heart Association", which is known as the "Four Seas Gang".
Just like the famous prostitutes in ancient brothels, the "princesses" and "young ladies" here not only require harsh physical conditions, but also require a college degree or above and many masters. After being selected, special training will be provided for everyone from appearance to speech.
Naturally, the consumption here is also very "high-end". The chat price starts from 1000 yuan, and tips are not capped. There are even rich businessmen throwing millions for their favorite "Huakui".
In short, in the era of hundreds of yuan a month, ordinary people were difficult to visit, and the elite of dignitaries flocked to them. In its 15 years of operation, the world has become a top place to enjoy life and death.
The picture is a material picture of heaven and earth. It is next to Sanlitun, and its interior is extremely luxurious
Bury hidden dangers
In addition to bringing considerable cash income to Qin Hui, the most important thing is people and opportunity income. He used this social arena to make friends with a large number of influential people, bank presidents and celebrities, such as Zhang Enzhao, then the president of CCB, and Li Peiying, chairman of the Capital Airport.
In March 2005, Zhang Enzhao was "double disciplined". According to court materials, from 2002 to 2005, Zhang Enzhao received bribes from Qin Hui for six times, totaling 60000 US dollars, 200000 Hong Kong dollars and 100000 yuan. To this end, Zhang Enzhao provided Qin Hui with 600 million yuan in loans and mortgage relief assistance. In 2006, the court sentenced Zhang Enzhao to 15 years' imprisonment.
The court confirmed Zhang Enzhao's five bribery cases
In the judicial materials of Li Peiying's case, Qin Hui bribed him 18.6768 million yuan, accounting for 70% of the total amount of bribery. In 2009, Li Peiying was executed.
Qin Hui was involved in these two cases, and was taken away for investigation several times, but both of them passed peacefully.
In addition, in 2005, Liang Hailing, the top lady in the world, was killed in her home, and her bank card turned out to be worth ten million dollars, as well as the private phone number of some senior officials in other provinces.
As a result, in 2005, Qin Hui sold Tiantiantianren, which had become a hot potato. Tiantianren was also investigated and dealt with by the police on April 11, 2010. Since then, no one has taken over the business.
Massive mergers and acquisitions
In 2018, on Forbes magazine, Qin Hui ranked 1339 on the rich list with a wealth of $1.8 billion.
Bribes to Zhang Enzhao, Li Peiying and others have brought a lot of loans to the companies under Qin Hui. According to Caijing, Qin Hui once obtained huge loans from China Construction Bank and Minsheng Bank, with the confirmed amount of 1 billion yuan. These loans have become the capital of Qin Hui's Zhuojing Department and Xingmei Department in the capital market.
After Qin Hui set up Chongqing Zhuojing Industrial Development Co., Ltd. in Chongqing in 1994, through continuous capital operation, he finally formed a Zhuojing empire spanning three industries of communication, IT and media. Qin Hui is also called "the first private media tycoon" by industry insiders.
In 2001, Zhuojing Investment and Changfeng Communication jointly established the Xingmei Media Group Co., Ltd., which gave birth to the "Xingmei Series".
In 2001, Zhuojing Investment and Changfeng Communication jointly established Xingmei Media Group Co., Ltd
Around 2004, due to the rapid expansion, Xingmei Group has owned 17 various companies, formed a capital platform for four or five listed companies with Zhuojing Capital as the investment link, and the scale of fixed assets has reached nearly 2 billion yuan.
However, in addition to Qin Hong, Qin Hui's younger brother, who has gained a lot in the film industry, Qin Hui has acquired several companies that are mostly loss making enterprises, whose performance and operation are getting worse and worse, and Xingmei Group's cash flow is facing torture.
With the incident of Zhang Enzhao in 2005, Qin Hui was arrested. After obtaining a guarantor pending trial, Xingmei began to peel off non-performing assets on a large scale and repay bank debts.
From 2005 to 2009, Xingmei has been in the process of restructuring.
A-share suffered a setback
In July 2015, Qin Hui transferred 100% of the equity of Ningbo Golden Sunshine through the Xingmei Shengdian under his control, thus indirectly controlling the listed company * ST Shenglai, and wanted to return to A-share.
However, due to two illegal operations of * ST Shenglai, the net profit of the company in 2015 was falsely increased by 15 million yuan, and the actual controller, Qin Hui, was banned from entering the market for five years in 2018.
In addition, in January 2018, Qin Hui intended to list Yushun Electronics under the backdoor "Zhongzhi System" of his company Chengdu Runyun. However, due to the punishment of the CSRC, this restructuring failed.
After two backdoor failures, Qin Hui was angry and said: "I will never return to A-share market, and I will never be a director, supervisor or senior manager in my life!"
The picture shows an old picture of Qin Hui, who said frankly that "he will never return to A-share"
More than that. Since 2018, a series of crises have suddenly broken out in Stellar Mae Holdings. At most, 2/3 of its cinemas were suspended from business, the cinema staff were in arrears with their salaries, owed hundreds of millions of yuan to suppliers and film copyright fees, and were sued to the court. Some cinemas were included in the dishonest list.
Qin Hui and Xingmei never recovered.
On December 14, 2020, Xingmei Holdings was officially cancelled its listing status.
In 2021, Huzhou Chuangtai Rongyuan, a subsidiary of the Zhongzhi system, went to the United States to collect debts from Qin Hui and asked the Federal Court of the Southern District of New York to recognize and implement the judgment of the Chinese court and repay the debt of 450 million dollars.
On June 22, 2022, Saint Leda was delisted.
Arrest in the United States
On October 2, 2023, Qin Hui was arrested in an apartment of his Manhattan Plaza Hotel, charged with "using false identity documents".
According to the report, Qin Hui donated more than 10000 dollars to New York City and congressional candidates in the name of others to defraud green cards and Florida driver's licenses.
The picture is a screenshot of relevant reports
Qin Hui also admitted that in April 2019, he lied that he had never used any other name in his LPR (green card) identity application submitted to the United States. In fact, he has false "Muk Lam Li" (Li Mulin), including the identity cards of the People's Republic of China and Hong Kong.
In addition, in September last year, Qin Hui was arrested by the police in Nasuo County on suspicion of attacking his ex-wife. A few months ago, he tried to strangle his ex-wife in another attack.
On March 18, 2024, Qin Hui pleaded guilty in the Federal District Court for the Eastern District of New York. He was accused of participating in political donations, immigration fraud and forging identity documents in the name of others. If he does not plead guilty, Qin Hui will face up to 27 years' imprisonment. After pleading guilty, the sentence will be reduced to 6 months.
As part of the agreement reached with the prosecutor, Qin Hui agreed in this case to leave the United States after serving his sentence. His sentence is scheduled for May 14.
From the top nightclub owner to the actual controller of many listed companies, Qin Hui has finally become an old Lai and a prisoner. Qin Hui has gone through ups and downs in the past 20 years.
On April 19, 2018, Qin Hui gave an interview to the China Business Daily Bathymeter, waving his arm excitedly and said: "This slander me, slander heaven and earth, I don't know why, so far, I am very proud of the boss of heaven and earth, and we will not do those dirty things!"
Qin Hui has this fate, but who can blame all this?
