Xinhua News, 2009-08-05
The Lishui (Zhejiang Province) Intermediate Court announced the 5 August execution of Du Yimin for fraudulent fundraising. Du, originally convicted in March 2008, allegedly operated a massive ponzi-like scheme that collected a total of over 700 million RMB—128 million of which has not been recovered—by enticing investors with monthly interest rates ranging from 1.8% to 10%. In approving her capital sentence, the Supreme People's Court noted that Du's acts “created especially massive economic losses and the circumstances of her crime were especially egregious.”
No comments:
Post a Comment