Soaring Tesla stocks made him earn more, but because of a wrong step, tens of millions of dollars were seized...

The surge in Tesla stock has sent Tesla CEO Musk to the throne of the world's richest man, and also made the shareholders who hold Tesla stock earn.

Including a person who misappropriated loan investments.

According to foreign media reports, an American man occupied financial resources during the epidemic, illegally defrauded millions of yuan of relief funds and loan funds, and embezzled them to the capital market and real estate market. In addition to the purchase of a number of properties, the market value of the securities and cash held by the person in his name has exceeded $18 million.

After being discovered, the person's financial accounts were seized, the property was confiscated, and the individual was sentenced to prison terms.

In China, it is also a violation of the law to be found to have misappropriated loan funds.

The consequences of misappropriation of loans are mostly the early recovery of loan funds, and the record of this behavior in the personal credit report of the central bank of the person involved will have a negative impact on future loan applications, credit card applications and other financial business.

If the degree of misappropriation of loan funds is too serious and the legal red line is touched, it will constitute the fact of the crime of loan fraud. Based on the purpose, amount, and so on, the specific amount of funds to be punished and how long they will be detained.

In summary, if the majority of users want to apply for a loan, they should not be careful. Before applying for a loan, be sure to identify your own loan purpose, and choose the corresponding loan product according to the actual situation and loan needs.

For example, if you borrow money for personal durable goods consumption, the variety of applications is consumer loans; if you need to borrow money for business activities, you need to apply for business loans; just when there is a need to borrow money to buy a house, you must find help from housing loans...

By analogy, finding the category corresponding to the purpose is also an essential part of the loan application process.

It is hoped that the majority of users can pay attention to the purpose of loans. The above content is for reference only, and the specific situation shall prevail.