Real Estate Broker · Fort Myers, FL · Member since 2008 · 1k+ posts · 323 votes
Securities Manager Sentenced to Death for Embezzlement - BEIJING - A Beijing court upheld the death sentence of a former securities firm manager found guilty of embezzling 60 million yuan ($8.8 million), his defense lawyer and state media said Wednesday.
Yang Yanmin was convicted of stealing the identities of his staff at China Galaxy Securities Company to borrow money and open stock accounts, state media said.
"He was sentenced to death yesterday and now the decision only awaits approval from the Supreme Court," defense lawyer Qian Lieyang said after the retrial at the Beijing Higher Court on Tuesday.
Yang admitted in court in late March during an earlier session of his retrial that some of the money had been used for bribes, but he did not give details, Qian said.
The Beijing Morning Post said Yang was the first member of China's securities industry to be sentenced to death for embezzlement.
:D :cool: :lol:
10 reasons why Wall Street has absolute power over America's democracy
Scene 1. American government is now run by the 'Goldman Conspiracy'
Scene 2. Huge conflicts motivating Wall Street's 'Trojan Horse'
Scene 3. Wall Street's 'quiet coup' also runs world's banking system
Scene 4. Wall Street used the meltdown to take over America's government
Scene 5. How Obama is keeping alive Bush's 'disaster capitalism'
Scene 6. Wall Street's CEOs rule like dictators in a banana republic
Scene 7. Wall Street makes an un-American bet on 'disaster capitalism'
Scene 8. Banks recycle TARP money, pump earnings, cheat America
Scene 9. Wall Street's already set the stage for new disaster
Scene 10. Obama turned 'The Goldman Conspiracy' into a superpower
Ryan O'Donnell,
Yea maybe death is a bit harsh but, a good beating and substantial jail time on 1 count for every American that was affected by their thievery.
Though I agree with Ryan, people should not be put to death over money, I would sure bet that such things like this happen with far less frequency in China with those kinds of laws than here.
Lots of these types are taking their own lives. I was with having a glass of vino with a few friends. We were commenting on how. They would rather kill themselves than have our lives.... LOL