China’s authorities throw down gauntlet with death sentence for “illegal fundraising” scheme

23 May 2013 | 2 minutes read

Public outcry over a death sentence handed down to self-made businesswoman, Wu Ying, for defrauding investors in Wenzhou in a RMB770 million (US$123 million) scheme, influenced her reprieve; but now Chinese authorities will, once again, try their hands at executing another financial criminal, this time for masterminding a RMB640 billion (US$104 million) Ponzi scheme. The Intermediate People’s Court in Wenzhou…

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