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Coin counterfeiters jailed
By Jia Feishang |
October 15, 2010, Friday
|
Online Edition
Online Edition
TWO people who made profits from selling fake Expo commemorative coins were sentenced to jail yesterday.
The two, surnamed Lu and Han, received a jail term of up to four years and six months, and were fined 80,000 yuan (US$12,040) and 50,000 yuan respectively for selling the counterfeit coins, the Changning District People's Court decided.
The two, both born in the 1990s, started their business counterfeiting commemorative coins of the Expo and the 60th anniversary of People's Republic of China with two other accomplices in February.
They randomly contacted coin collectors across the country and promoted their sales in the name of the Shanghai Collectors' Association.
The two sold 24 sets of the Expo commemorative silver and golden coins in two months, plus three sets of the coins to celebrate last year's National Day. And police seized another 10 sets of the Expo coins from their rented apartment in Minhang District.
All 42 sets of coins involved in the case were proved to be counterfeit, and had a face value of more than 170,000 yuan.
The two, surnamed Lu and Han, received a jail term of up to four years and six months, and were fined 80,000 yuan (US$12,040) and 50,000 yuan respectively for selling the counterfeit coins, the Changning District People's Court decided.
The two, both born in the 1990s, started their business counterfeiting commemorative coins of the Expo and the 60th anniversary of People's Republic of China with two other accomplices in February.
They randomly contacted coin collectors across the country and promoted their sales in the name of the Shanghai Collectors' Association.
The two sold 24 sets of the Expo commemorative silver and golden coins in two months, plus three sets of the coins to celebrate last year's National Day. And police seized another 10 sets of the Expo coins from their rented apartment in Minhang District.
All 42 sets of coins involved in the case were proved to be counterfeit, and had a face value of more than 170,000 yuan.
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