Chapter 2 WPG0002: What kind of deceitful rich second generation?
Transferring money may seem like a trivial matter to ordinary people, but to An Wuyan, it is a big problem.
Especially when the Happy Life system showed that the source of funds was obtained from overseas, An Wuyang put a big red question mark on the remittance channel.
What if it was inexplicably transferred directly from overseas to his personal account
So, the money was transferred in in the morning, and the people came in at noon, and they couldn't get out at night without explanation.
Even if the remittance occurs within the country, what if it is remitted from a company account?
Let’s not talk about whether the relevant corporate account has applied for remittance to the personal account. It is just the corporate account remitting money to the personal account. Just after the remittance was successful, the bank’s risk control system has already given an alarm!
It was precisely because An Wuyang understood this knowledge that he very cautiously asked the Happy Life System how it would arrange the channels for fund remittances.
‘According to the host’s record of traveling to the Bald Eagle Federation, the system has registered a Bald Eagle Federation JPMorgan Chase bank account for the host, using this account as one of the host’s overseas fund flow channels. 'Happy life system feedback information.
'Based on the host's identity as a Xia national, the system has applied for the W-8BEN form from the Bald Eagle Federal Taxation Service IRS for the host to declare as a non-bald eagle federal tax resident, thus exempting the host from capital gains tax including but not limited to the US stock market, and Bald Eagle. Taxes related to Eagle Federation. 'Happy life system supplementary information.
‘The funds obtained by the system from the U.S. stock market will be used for legal and compliant cross-border remittances through the host’s bank account at JPMorgan Chase, and the relevant personal tax fees incurred when entering Xia Kingdom will be paid. 'Happy life system added.
An Wuyang looked at the relevant information fed back by the Happy Life system in his mind. With this remittance method and related settings, there would be no legal risks, and there would be no risk of being caught for remittances in the morning and noon.
But there is one small problem!
‘Where does the initial capital of the system come from? ’ An Wuyang started to get to the bottom of things.
These details had to be delved into, because if there was a problem, An Wuyan would be the one who went to jail. He thought that this happy life system would not go to jail for him, right?
As long as the method of remittance in the Happy Life System is not to enter An Wuyang's own account, and An Wuyang can mobilize these funds at will, then he will not ask more questions at all!
‘The initial principal of the system comes from BTC virtual currency, and all BTC virtual currencies are acquired overseas, and the corresponding BTC virtual currencies acquired were generated before September 30, 2017. 'Happy life system feedback information.
Xia State has announced that BTC virtual currency will be illegal in Xia State after September 30, 2017. However, BTC virtual currency obtained in the previous period will be legal as long as it is processed before the illegal time.
In short, the initial principal of the Happy Life System, the way to earn profits, the channels for reward remittance, etc. are all legal, compliant and well-documented.
This is very important!
Otherwise, if an extra sum of money suddenly appears in An Wuyan's personal account, wouldn't he be causing trouble for himself?
To be honest, with his safe family conditions, he simply looked down upon a reward of more than 300,000 yuan a year. After all, his family's Wugengtian Pharmaceutical Group's annual net profit could reach more than 50 million.
So An Wuyang really doesn't care about the happy life system, he is very happy now!
After An Wuyang figured out the information about the Happy Life System, he yawned and fell into a deep sleep.
Neither the happy life system nor the unsatisfactory college entrance examination results can make the wealthy An Wuyan suffer from insomnia. Is this probably the reason why the family business earns half a billion yuan a year?
……
At nearly eight o'clock in the morning, An Wuyang was woken up by his mother Li Wenya, who reminded him to get up, wash up, and get ready for breakfast.
An Wuyang finished washing up in the bathroom of his room, and then came to the living room, where his father An Huchun was already sitting at the dining table.
"Have you checked your scores?" An Huchun asked first. "Well, I checked it in the early morning." An Wuyang replied affirmatively, "With a score of over 400, you can only choose some private second-hand books."
Neither An Huchun nor Li Wenya were surprised that An Wuyang's college entrance examination score was only over 400 points.
Isn’t it true that the mock exam before the college entrance examination can’t measure the general situation?
"Although my score is a bit low, I can still get into an undergraduate college." Li Wenya sighed.
"It's okay, we have something to inform you." An Huchun's tone was somewhat formal.
An Wuyang secretly wondered, their family relationship was harmonious, and their usual communication style was very relaxed and harmonious. Now An Huchun's tone suddenly became formal, which naturally made An Wuyang confused.
"This thing. What about this thing?" An Huchun suddenly hesitated and couldn't speak.
Li Wenya came over with a plate of fried eggs. She took over the topic and said, "The situation on the fifth watch day is a bit bad, and we are currently facing the risk of bankruptcy."
ha?
An Wuyang looked at Li Wenya in surprise, and then looked at An Huchun.
"Dad, Mom, are you worried that I will become a playboy when I go to college? Or are you worried that I will be a bad student?" An Wuyang asked sarcastically.
Li Wenya responded, "We do have such worries, but what I just said is true. It is indeed on the verge of bankruptcy on the fifth day of the night."
"No." An Wuyang was still puzzled, "I remember when I graduated from junior high school, I saw the group's financial statements in my dad's study. The annual net profit at that time exceeded 50 million, right?"
Check out the 16-9 book bar and see the correct version!
How could an established pharmaceutical company with an annual net profit of over 50 million be on the verge of bankruptcy within three years?
This is unscientific!
"That's why I said: We are not afraid that the second generation of rich people will not do their jobs properly, but we are only afraid that the second generation of rich people will have entrepreneurial ideas." Li Wenya glanced at An Huchun.
An Wuyang subconsciously retorted, "I didn't start a business"
An Wuyang stopped mid-sentence because he realized that he was not the second generation of rich people. To be precise, he was the third generation of rich people. His father was the second generation of rich people.
An Wuyang looked at An Huchun with a puzzled look in his eyes. What on earth did his father do to bring the family business to the point of bankruptcy?
An Huchun looked embarrassed.
Li Wenya explained on behalf of her husband, "After your grandfather died of illness, your father took charge of the group and inherited your grandfather's legacy. He invested a lot of money in modern research on Chinese herbal medicine."
"In just three years from 2018 to 2020, the group invested more than 100 million in the field of Chinese herbal medicine research, but did not achieve any effective research progress." Li Wenya added.
"Such a situation has consumed a large amount of the group's cash flow, so that now the group's cash flow is close to collapse. According to my preliminary audit investigation, the group's problems are very big." Li Wenya is a senior partner of Der Spiegel Law Firm.
After her husband told her about the situation of Wugengtian Pharmaceutical Group, she jointly conducted a preliminary audit investigation on Wugengtian with an accounting firm. The specific situation can only be said to be very bad!
(End of chapter)