Jia Yueting initially used his position as an executive at LeEco to apply for a U.S. green card. Then he declared bankruptcy in the U.S., so he doesn’t have to repay his debts there. Although Chinese creditors don’t acknowledge his U.S. bankruptcy, the U.S. doesn’t recognize rulings from Chinese courts. So as long as Jia doesn’t return to China, he doesn’t have to pay back the money he owes there Word is, Jia has an extremely luxurious private club and is still living like a king every day