A court in China's Zhejiang province has sentenced a businesswoman to death for fraud and "illegal fund-raising," after she racked up 428 million yuan ($69.7 million) in trading losses. Lin Haiyan raised 640 million yuan, mostly from friends and...
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A court in China's Zhejiang province has sentenced a businesswoman to death for fraud and "illegal fund-raising," after she racked up 428 million yuan ($69.7 million) in trading losses. Lin Haiyan raised 640 million yuan, mostly from friends and... No comment yet.
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Many Ponzi schemers get away without any jail time, but this is a case of the punishment fitting the crime.