Bank clerk con man jailed for 7 years
Print Edition
A BANK clerk who tricked people into investing more than 60 million yuan (US$9.8 million) in spurious high-interest financial products has been sentenced to seven years in prison, Zhabei District People’s Court heard yesterday.
The man, surnamed Li, was also fined 200,000 yuan.
From 2009-12, Li convinced at least five of the bank’s customers to invest in the scheme while his associate, surnamed Xu, helped him secure funds from several other victims.
After being alerted to the crime, police contacted Li in January of last year and asked him to surrender himself to the authorities. Soon after, Li returned 50 million yuan to his victims, then confessed his crime to police.
Li’s lenient sentence reflected the fact he had cooperated with the authorities, according to the court.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
