Name: Billion-Yuan Heist: How a Young Judge Outsmarted the System and Fled || Digging into China | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming
Uploaded: 2025-06-12T00:12:26.677Z
Duration: 15 min 17 s
Description: Billion-Yuan Heist: How a Young Judge Outsmarted the System and Fled Bai Bin, a post-1990s assistan... | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming

Digging into China

https://video1-us-east.cloudokyo.cloud/video/v12/72/af/65/72af65c4-c5ae-4e85-8a34-1bc67405b03f/master.m3u8

Billion-Yuan Heist: How a Young Judge Outsmarted the System and Fled

Bai Bin, a post-1990s assistant judge at Beijing’s Third Intermediate People’s Court, allegedly embezzled billions of yuan in court execution funds and fled to Japan before the May Day holiday. Having secretly acquired Greek citizenship, he transferred the funds overseas using forged execution notices, exploiting judicial and banking system loopholes. Caixin’s report on the scandal was deleted within 24 hours, with social media keywords blocked and comments disabled, signaling heavy censorship. Bai Bin’s sophisticated escape—leveraging digitized court systems, underground money changers, and possibly cryptocurrency—exposed vulnerabilities in the judicial system and embarrassed authorities. His case, seen as a potential catalyst for insider defections, highlights systemic issues, as he bypassed strict financial controls and evaded capture due to Japan’s lack of an extradition treaty. The incident underscores significant institutional weaknesses, raising questions about oversight and control.

Narration Body:
0:00 Intro
0:07 The Vanishing News Story
1:15 A Scandal Too Big to Ignore
3:30 Beyond China’s Reach
4:02 Exploiting the System’s Flaws
5:51 Bypassing Bank Safeguards
6:40 Laundering Billions Abroad
9:15 Crafting a New Identity
10:56 The Censored Truth
12:09 A Blueprint for Defection
13:53 A System in Crisis

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