CHINA. WOMAN BOSS GETS DEATH PENALTY FOR FRAUD
March 22, 2008: a woman boss of a beauty parlour was sentenced to death in east China's Zhejiang Province, convicted of fraud and illegally raising fund of more than 700 million yuan (US$100 million), a local court said. Du Yimin, 43, promised high returns to her 67 creditors from 2003 to July 2006, according to the Intermediate People's Court in Lishui, Zhejiang.
In addition, hundreds of other investors had been attracted by the lucrative returns and channelled funds into Du's company. Du spent much of the money she had amassed on purchasing apartments and cars and on other luxury items.
Du said she would lodge an appeal. (Sources: China Daily, 22/03/2008)