The super billionaire has been blacklisted, and a case involving hundreds of billions has been exposed.

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Author | Shi Dalang & Cat Brother

Source | Shi Dalang & Da Mao Finance Pro

Recently, JPMorgan Chase closed a private bank account of a Chinese billionaire. This billionaire could bring JPMorgan Chase millions of dollars in revenue annually, but due to the high risks involved, JPMorgan Chase had to reluctantly give up on him.

This Chinese billionaire is named Tang Hao, ranked over 600th on Forbes’ global billionaire list, a super-rich individual, but JPMorgan Chase’s concerns are not unfounded because this person is involved in all kinds of illicit money.

The direct trigger for closing the account was Tang Hao operating AI-driven “big妖股” (big妖 stocks), laundering money for Southeast Asian telecom fraud boss Chen Zhi, and this is just one of his three major money laundering cases. The other two involve a domestic P2P scam worth over 30M yuan and a case involving Hefei’s former richest person.

Everyone should remember Chen Zhi, who ran huge “pig-butchering” scams in Southeast Asia, **with

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