CEO sentenced to death with immediate execution for financial fraud of 640 million yuan

of which 428,343,000 yuan can't be recovered.

Google translate

In the morning of May 15, Wenzhou Intermediate People's Court of Wenzhou Xin Investment Consulting Co., Ltd. Executive Director and General Manager Lin (female, 39 years old, Wenzhou Ruian) financial fraud case first instance verdict,

Lin found guilty of financial fraud, was sentenced to death, deprived of political rights for life and confiscation of all personal property.

As of late October 2011, Lin others illegal fund-raising amount, including interest and investment return transferred, there is no deduction of part of the interest paid and a small amount of the amount of the principal of recent case, a total of more than 640 million yuan, the actual defrauding fund raising shall not be returned the amount accumulated 4.28343 billion yuan.

The court held that the view of the Lin financial fraud and can not be returned the amount involved is especially huge, and involve various irreparable economic losses to the many victims of crimes are particularly serious, great harms to society, should be severely punished according to law. Therefore, the court made ​​the above judgment