Business owner with 11 credit losses cash cycle

a business owner to do phone sales losses due to no money to spend to the 11 credit cards with their own cash in circulation. After Peter to pay Paul, after all, can not pay 10 million yuan, so simply Prosecutors said that according to relevant laws and regulations,nike air max, such malicious overdraft suspected credit card fraud.
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According to Wang, said he had done in the Yuzhong District Taping phone business. 2007 to 2008, he was the city's seven banks were bidding for 11 credit cards. There was also time to credit card advances, but they can be promptly returned.
Wang said that in 2008, cell phone store was closed because of a loss. To the second half of 2009, he was to pay off debts, to a housing and a Fox cars are sold and eventually lose all sources of livelihood. In order to maintain family living expenses to think of using credit card cash.
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Wang said he shops in the phone business is booming,coach store, in order to facilitate business, and he has to apply for a POS machine. Although the store is now closed, but the POS machine is still there. POS machine with their cash advances, but also very convenient.
always have to repay credit card advances, Wang's method is to cycle overdrafts. A bank overdraft is to use the money to Bank B also, then C is also the bank overdrafts to A Bank. So the cycle continues, shattering consequences, is the hole bigger and bigger.
Wang said that from 2009 to early 2010, he was by way of overdraft through the cycle, with their POS machines in bank overdrafts totaled seven or nine million. Later, to find a special cash company cash. This after more than 10 million overdraft. Then later, failing to timely payment, he can no longer advance, but rather received a bank notice of arrears to his collection. See Dunning's more, he simply left to bid for mobile phone credit card number when stopped.
malicious prosecution that the overdraft charges made against

contractor made the case before the prosecutor, said Wu, Wang, knowingly insolvent circumstances,mbt online, by the way POS overdraft cash machine more than 10 million yuan for their daily consumption and to fill the shortfall before, does not have to repay their own subjective will. After collection in the bank accounts, not only will not return, but also ways to avoid taking down the debt, can assume that it belongs to malicious overdraft. According to relevant laws and regulations, such malicious overdraft suspected credit card fraud.
Attorney sent to seven banks recommended

cash cycle for the root cause Wang, Yan Wu was of the Prosecutor,louis vuitton bags, in addition to the king's own reasons, there are still loopholes in bank management of external factors. Such as with a bank to do for the king of 4 credit cards. To this end, they were sent to the city's seven banks of the prosecution proposal for the critical review of credit card issuing banks, manage the POS machine.
advises: strict credit review. To apply for a bank's income, expenditure level, the family property, the amount of monthly cash flow and liquidity, critical examination, the better the entry clearance. Especially frequent overdraft, lower income levels, occupational instability and poor repayment track the cardholder supervision.
proposed two: strict control of the overdraft. For a long time or overdraft overdraft large amount of the cardholder, should take legal and effective means of collection, and collection of letters and other evidence preserved for the benefit of the Responsibility.
Recommendation III: the judiciary should resolutely crack down on credit card cash with the company. Merchant bank for processing, before the opening of POS machine business, industry and commerce should be required, the tax department of the applicant's establishment, operating conditions and issue a certificate of tax payment materials, the establishment of similar level of evaluation before the loan approval system.
Recommendation IV: Tips for criminal legal risk.
Chongqing Evening News chief reporter intern reporter Zhang Robinson also Kids in
(Editor: SN009)