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Editorial
See other Editorial Articles

Title: Chinese Fund Managers Sentenced to Death after Cheating Investors out of 1 Billion USD
Source: [None]
URL Source: http://www.thechinamoneyreport.com/ ... nvestors-out-of-1-billion-usd/
Published: Nov 19, 2011
Author: cf
Post Date: 2011-11-19 10:30:26 by tom007
Keywords: None
Views: 345
Comments: 12

Chinese Fund Managers Sentenced to Death after Cheating Investors out of 1 Billion USD

November 10, 2011 / D.Collins / 8 comments

HANGZHOU – Two brothers and their father were sentenced to death on Monday for cheating 15,000 investors out of over $1.1 billion in east China’s Zhejiang province.

Ji Wenhua, president of the Yintai Real Estate and Investment Group, was sentenced to death for the crime of fund-raising fraud, said the Intermediate People’s Court in the city of Lishui, where the company was based.

However, his brother, Ji Shengjun, and father, Ji Linqing, could be spared execution as their death penalties have a two-year reprieve.

The family, along with others, had illegally raised over 7.04 billion yuan ($1.12 billion) between 2003 and 2008 before they were taken into police custody in 2008, holding the truth from investors that their company had been losing money for years, according to the court.

A third brother, Ji Yongjun, was sentenced to life imprisonment.

The four men also had their political rights deprived for life and personal property confiscated.

The court also sentenced two other people involved in the case to three years in prison each.

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#1. To: tom007 (#0)

Yet, when our banksters pull this kind of crap, they get golden parachutes, and better paying jobs. Perhaps being taken over by the Chinese wouldn't be such a bad deal after all.

"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist

TommyTheMadArtist  posted on  2011-11-19   10:32:49 ET  Reply   Trace   Private Reply  


#2. To: TommyTheMadArtist (#1)

better yet ship all the insider trading congressers to china along with wall street in its entirety and throw in the CME for good measure.


the most factual thing ever posted by buckeroo
I have no freaking' clue. buckeroo posted on 2010-07-24 21:33:00 ET

IRTorqued  posted on  2011-11-19   10:44:50 ET  Reply   Trace   Private Reply  


#3. To: TommyTheMadArtist (#1)

My thought as well.

It is truly pathetic.

"Satan / Cheney in "08" Just Foreign Policy Iraqi Death Estimator

tom007  posted on  2011-11-19   10:46:05 ET  Reply   Trace   Private Reply  


#4. To: tom007 (#0)

Yet the murderers of over 60 million of their fellow Chinese go unpunished, JUST as the Jewish killers in the Soviet Union were allowed to escape to Israel and live out their lives free from judgement and punishment.

America should immediately ban ALL imports from Communist China and ask the rest of the planet to impose a total embargo on that nation until they hold free and open elections and formally disband the PLA and all communists are banned from participation in future politics in that nation.

“With the exception of Whites, the rule among the peoples of the world, whether residing in their homelands or settled in Western democracies, is ethnocentrism and moral particularism: they stick together and good means what is good for their ethnic group."
-Alex Kurtagic

X-15  posted on  2011-11-19   10:52:37 ET  Reply   Trace   Private Reply  


#5. To: X-15 (#4)

You'll get no argument on that score from me. I hates me some communists.

Before we embark upon housecleaing of foreign places though, for which we have a rather jaundiced predilection as it is, we need to clean out the rats' nest in our own financial sector and in that bought and paid for country club that meets in Washington D.C.

I want to see Pelosi and Bernanke and Paulson in prison as a first order of business.

randge  posted on  2011-11-19   11:05:10 ET  Reply   Trace   Private Reply  


#6. To: randge (#5)

I want to see Pelosi and Bernanke and Paulson in prison as a first order of business.

I would take that further but for the fact that I would ultimately end up firmly in the grips of anti-semitism. I dare not tempt the wrath of the Red Sea pedestrian bankers/et al....

:p

“With the exception of Whites, the rule among the peoples of the world, whether residing in their homelands or settled in Western democracies, is ethnocentrism and moral particularism: they stick together and good means what is good for their ethnic group."
-Alex Kurtagic

X-15  posted on  2011-11-19   11:22:30 ET  Reply   Trace   Private Reply  


#7. To: tom007 (#0)

I'd pull the trigger myself.

Pagan worship primarily concerns propitiation. In other words, they are religions based on pure fear rather than repentance, contract, or submission -- Vox Day

Turtle  posted on  2011-11-19   13:17:54 ET  Reply   Trace   Private Reply  


#8. To: tom007 (#0)

Chinese Fund Managers Sentenced to Death after Cheating Investors out of 1 Billion USD

Imagine if the death penalty applied to guys like Madoff. I'll bet they would never have done what they did. Still, Madoff got life with 3 squares a day for it. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2011-11-19   14:37:24 ET  Reply   Trace   Private Reply  


#9. To: X-15 (#4)

until they hold free and open elections and formally disband the PLA and all communists are banned from participation in future politics in that nation.

Never happen. Remember Tianamen Square?

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2011-11-19   14:40:12 ET  Reply   Trace   Private Reply  


#10. To: BTP Holdings (#8)

Madoff got life with 3 squares a day for it.

No, he didn't. He's going to be released next year. Health reasons.

Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936 2011)

Esso  posted on  2011-11-19   15:07:53 ET  Reply   Trace   Private Reply  


#11. To: Esso (#10)

He's going to be released next year. Health reasons.

I hope he has a body guard arranged. I'll bet he has a target on his back. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2011-11-21   16:40:54 ET  Reply   Trace   Private Reply  


#12. To: randge (#5) (Edited)

Pelosi and Bernanke and Paulson in prison

That may take some doing. I'd like to see the same thing myself. If you can find a judge, or panel of judges, that has not been bought and paid for, let me know. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2011-11-21   16:42:57 ET  Reply   Trace   Private Reply  


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