Man Flaunts Five Luxury Cars Including Ferrari and Lamborghini, Claims to Be Son of a Major Company Owner, Yet Borrows Over 100,000 Yuan from Friends and Fails to Repay – Company Owner Issues Latest Response

A man in Hangzhou, Mr. Jin, recently met a seemingly wealthy acquaintance who borrowed over 100,000 yuan from him and has yet to repay the debt. Mr. Jin, who runs an e-commerce business in Hangzhou, became acquainted with a man surnamed Yang about a month ago, as reported by media on July 31.

Upon their first meeting, Mr. Jin was impressed by Yang's apparent affluence. "He showed me the luxury cars parked in his neighborhood, five in total, including a Ferrari and a Lamborghini," Mr. Jin said. Yang then introduced himself as the only son of the owner of a major company registered in Pan'an, Jinhua, with a capital of over 10 million yuan. "We checked his surname, and it matched the actual controller of that company, who also has the surname Yang," Mr. Jin added.

After exchanging WeChat contacts, Mr. Jin observed Yang's social media feed, which featured posts about attending high-end cocktail parties and acquiring new luxury cars. However, shortly after their meeting, Yang began asking for loans. "The first time, he borrowed 40,000 yuan, claiming he had a conflict with his family. He said he wanted to marry his girlfriend, whom he had lived with for a year, but his family opposed it and froze all his bank accounts," Mr. Jin explained.

Three days after the first loan, Yang called Mr. Jin again, requesting more money for a "farewell trip" with his girlfriend, borrowing 6,000 yuan that day, followed by another 20,000 yuan. A week later, Yang borrowed an additional 30,000 yuan, citing the need for a "breakup fee." The person who introduced Yang to Mr. Jin admitted to knowing little about him, only that Yang claimed to be the sole heir of a company owner in Jinhua.

Mr. Jin now believes he has been deceived and has hired a lawyer to handle the case. Legal inquiries revealed that Yang and his family members have been listed multiple times as dishonest persons subject to enforcement by the court. Mr. Jin plans to gather further evidence before seeking assistance from the police, according to reports from Zhejiang Television's "Xiaoqiang Hotline."