According to the US “Wall Street Journal” report, Shi Jianxiang施建祥, a Chinese Red Wanted criminal who fled to the United States in 2016 and a major criminal of the “Fast Deer” financial fraud, was recently arrested by the US government on suspicion of visa fraud when he entered the United States.
The information disclosed by the “Wall Street Journal” also shows that this Chinese fugitive, who caused a huge loss of nearly 40,000 investors and involved more than 43.4 billion yuan in the case, has not only had a good life in the United States in the past few years, but also seems to have Want to “return to the old business” in the United States.
Judging from the latest reports in The Wall Street Journal and documents published by the US Department of Justice, Shi Jianxiang was arrested in Las Vegas last week. He was participating in an event to promote a “cryptocurrency” there.

According to the US Department of Justice, 57-year-old Shi Jianxiang was arrested this time because he obtained a visa to enter the United States through fraud. Specifically, Shi Jianxiang lied that he had no other name besides this name when he applied for a visa in 2016. However, the U.S. Department of Justice found out that he used a name named “Long Niu” to enter the country in 2017, and has since lived in California and Nevada under the name “Morgan Shi”.
Documents from the US Department of Justice also show that if he is found guilty, he will face up to 10 years in prison and a fine of $250,000.
In addition, Shi Jianxiang’s application for bail was also rejected due to the risk of “escape” by the US courts. He will be held until the opening of the court.
On the other hand, according to the “Wall Street Journal”, this financial fraudster wanted by China had a “quite moist” after he fled to the United States. The newspaper reported on May 22, 2019 that he not only owns a three million-dollar mansion in Los Angeles, but also often travels in the United States in his luxury car and private jet.
The newspaper also revealed that Shi Jianxiang transferred his money to those “tax havens” in the Caribbean with unsound justice, and through the “bag companies” there, he conducted various transactions in the United States. He also controls a number of entities involved in the American entertainment and financial industries, such as a Hollywood film production company called Moregain Pictures Inc. The company is also Shi Jianxiang’s main entity for various commercial activities in the United States.
“The Wall Street Journal” emphasized here that the operation of these entities is not based on the revenue of the United States, but on the money he hides in those countries in the Caribbean. But Shi Jianxiang will hide his traces in these companies by hiring native Americans.
Not only that, Shi Jianxiang has spent the past few years frantically spending money to make friends with American dignitaries, such as former US President Trump. The Wall Street Journal reported that Shi Jianxiang had donated a $50,000 political donation to former US President Trump through his own accounting in 2017 and took a photo with Trump.
What’s more funny is that in the event where Shi Jianxiang took a photo with Trump, there was also a Chinese participant named Cindy Yang. This woman was later suspected by the American media as a “Chinese spy” because she had declared that she could arrange to see Trump as long as she gave money. However, Shi Jianxiang’s example shows that among those who are willing to spend money to see Trump, it seems that more people have unclean butts.
However, in the “Wall Street Journal” disclosure, the most striking thing is Shi Jianxiang’s “business” model in the United States: he asked Mike Tyson and other American celebrities he had previously met, and declared that he wanted to shoot Tyson a “reality show.” “Program, and then want to use this program to hype a kind of “cryptocurrency” called “Fight to Fame” (Chinese name is “Fame in the First World War”).
And this is precisely a routine he used to use in China’s “fast deer” scam, that is, to illegally absorb public deposits at the expected box office of movies, and then use fictitious movie box office to defraud.
The plots of these “fast deer” cases have been widely reported by the Chinese media. In 2019, the Shanghai No. 1 Intermediate People’s Court also publicly sentenced the “Kailu Family” and the 15 defendants involved in a series of cases involving fund-raising fraud and illegal absorption of public deposits involving more than 40 billion yuan.
It’s just that the United States has not yet determined the nature of the “cryptocurrency” he engages in the United States.
Fortunately, judging from the “Wall Street Journal” report, Tyson did not agree with Shi Jianxiang, but felt that his practice had made him “insulted.”
In addition, the Wall Street Journal also mentioned in this report in 2019 that a Chinese-American executive who had been employed by Shi Jianxiang later had a conflict with Shi Jianxiang and sued the latter. American business is for “money laundering.”
However, his deceptions and the photo taken with Trump have almost made some simple Americans fooled. For example, a Chinese actor named Hu Huiling almost regarded Shi Jianxiang as an honest film investor and almost joined him. “Project”, thanks to the reminder of the Chinese Embassy and Consulate, she and his husband did not “go into the pit”.
However, judging from the current report on the arrest of Shi Jianxiang in the Wall Street Journal, when he was arrested by the U.S. government last week, he seemed to be still promoting his “Fight to Fame” “cryptocurrency”, despite the fact that the U.S. Department of Justice The document did not specify the matter.
The newspaper also specifically mentioned that the company “Fight to Fame BMS” behind this “cryptocurrency” declared on its official website that the value of this “currency” has risen by 3233% since its launch, and the total value has reached 300. 100 million US dollars, but you can’t find any investment records of the company on those mainstream “cryptocurrency” trading platforms.
In addition, the Wall Street Journal added that in September of this year, the US Securities and Exchange Commission would also suspend all securities related to the Hollywood film production company Moregain Pictures Inc, where Shi Jianxiang had “invested” in the United States.
Therefore, this time he was arrested by the US government for visa fraud. Although it has nothing to do with the case in which he was wanted by China, it also gave the Americans and even the Chinese a chance to learn more about this fugitive from China.
After all, through searching, it was found that the problematic “cryptocurrency” that Shi Jianxiang had hyped up actually put the “advertising” back on some domestic online platforms in China, and once spread rumors that Tyson agreed to participate in the project.
It just remains to be seen whether he will be repatriated by the United States, or whether he will use his dirty money to settle the matter, so as to stay in the United States to cheat and cut American leeks.