Father, two sons sentence to death for fraud.

Published 7 years ago by: Paddy Hayes
[1] 2
at 09:10 PM, 8/11/2011 (7 years ago)

(3516 | Gistmaniac) (m)


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.

via chinadaily



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babyleslie at 10:03 PM, 8/11/2011 (7 years ago)
(1406 | Gistmaniac) (f)

 Shocked Shocked Shocked Shocked Shocked
Reply
Sodman4luv at 10:05 PM, 8/11/2011 (7 years ago)
(424 | Upcoming) (m)

wat!
Reply
Bababonje at 10:22 PM, 8/11/2011 (7 years ago)
(2 | Newbie) (m)

Please we should exercise the same judgement in Nigeria. Most of our leaders have turn politics into family business and looting exercise.
Reply
toibeli at 10:24 PM, 8/11/2011 (7 years ago)
(4407 | Gistmaniac) (m)

Chinese do not play, you do the crime, you'll definitely do the time (death)
Reply
Edagentle at 11:16 PM, 8/11/2011 (7 years ago)
(21 | Newbie) (m)

If this rule is brought down here to 9ja, it means half of the our leader will be sentenced to death then the remaining half to live imprisonment. Lol
Reply
LEONE at 11:31 PM, 8/11/2011 (7 years ago)
(808 | Upcoming) (m)

Evil men everywhere,serves them right.
Reply
ILOVEIT at 11:59 PM, 8/11/2011 (7 years ago)
(12632 | Hero) (m)

china no dey joke at all...u mess up u get kill

Reply
sylax at 02:47 AM, 9/11/2011 (7 years ago)
(123 | Upcoming) (m)

$1.1 BILLION and MERCY cannot be in the same sentence.
Reply
flameo at 02:51 AM, 9/11/2011 (7 years ago)
(67 | Newbie) (m)

No need for any alarm, china is just trying to reduce its population. Grin
Reply
Ecto at 05:06 AM, 9/11/2011 (7 years ago)
(2761 | Gistmaniac) (m)

An eye 4 an eye!
Reply
yommysomguy at 07:07 AM, 9/11/2011 (7 years ago)
(4 | Newbie) (m)

True talk
Reply
shaoyang at 07:30 AM, 9/11/2011 (7 years ago)
(1970 | Gistmaniac) (m)

Offenders should face the judgement coz they know the penalty b4 engaging in the act.
Reply
osesunday at 09:53 AM, 9/11/2011 (7 years ago)
(342 | Upcoming) (m)

curruption is in the blood
Reply
boye143 at 10:31 AM, 9/11/2011 (7 years ago)
(437 | Upcoming) (f)

Quote from: flameo on 02:51 AM,  9/11/2011
No need for any alarm, china is just trying to reduce its population. Grin
Quote from: shaoyang on 07:30 AM,  9/11/2011
Offenders should face the judgement coz they know the penalty b4 engaging in the act.
  They deserve wat they got
Reply
papyefisy at 11:38 AM, 9/11/2011 (7 years ago)
(350 | Upcoming) (m)

 Grin Grin Grin
Reply
prosperos at 04:37 PM, 9/11/2011 (7 years ago)
(659 | Upcoming) (m)

what a sad moment
Reply
chicanorose at 05:49 PM, 9/11/2011 (7 years ago)
(4466 | Gistmaniac) (f)

Nna na wa o

Reply
feniks1975 at 07:04 PM, 9/11/2011 (7 years ago)
(1 | Newbie) (m)

Smiley SmileyHi there, Speaking of death prediction, I find it really odd that one of the on-line death prediction services showed me the same death date that I was foretold in my dream about a year ago. http://yourdeathdate.info/1/index.html - I can’t explain this coincidence in any other way except that there must be some kind of magic involved here. Shocked
Reply
giftmurphy at 07:10 PM, 9/11/2011 (7 years ago)
(19094 | Hero) (f)

wats always happening?
Reply
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