1. He is Wang Yonghong, the boss of Hong Zhong Group. When the company was in debt of more than 80 billion, he fled abroad with his star girlfriend to play. Before he fled, he paid off the company's cash of 610.50 billion yuan.
2. After receiving the project advance payment through the company, it is ready to be transferred to the company name for large-scale implementation. Unexpectedly, the money was taken away by the creditors, which made Wang Yonghong unable to get the money, so he had to secretly take these projects to other companies for pledge.
3. In order to increase the actual income and profit, Wang Yonghong actually sold the pledged project property back to buyers, leaving more than 3,000 buyers with nothing to lose. In the end, the project was not completed, leaving 80 billion holes.