09 Nov '11, 8am

China property boss sentenced to death over fundraising scam

SHANGHAI - A Chinese property developer has been sentenced to death for an illegal fundraising scheme involving 5.5 billion yuan ($870 million), state media said Wednesday. Ji Wenhua, head of the Yintai Real Estate Investment Co in eastern Zhejiang province's Lishui city, raised the funds from the public between 2003 and 2008 by promising monthly returns as high as 12 percent, the Global Times reported. Ji and others pooled money from more than 15,000 investors in Zhejiang and the central province of Hunan, telling them the funds would be used for property development and promising high returns amid rising real estate prices. The scam continued until they were detained by authorities in September 2008, after the firm collapsed due to the global financial crisis, the report said. A local court on Monday also sentenced five other people in the case, including three of Ji's r...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

Tweets

Investing in Death: One year ago, I engaged a f...

mrwangsaysso.blogspot.com 09 Nov '11, 10am

One year ago, I engaged a financial adviser. We had a review of my portfolio this week. The portfolio has done well. I mad...

Not Another Gold Scam…

thefinance.sg 13 Nov '11, 1pm

Not Another Gold Scam… by Tiang Chuan on November 13, 2011 Every Sunday, there will be an article on the papers that featu...

MeeGo's death dented three car projects

eetimes.com 08 Nov '11, 5am

SAN JOSE, Calif. – Three car electronics designs were among the projects dented when Intel scrapped in late September supp...

More than one million men in China have fertility problems, says report

More than one million men in China have fertili...

straitstimes.com 08 Nov '11, 5am

At least a million men in China have fertility problems, the Beijing Times reported on Monday. According to a research, mi...

Report: China pours funds to forge an innovation powerhouse-> via @ee_times

Report: China pours funds to forge an innovatio...

eetimes.com 08 Nov '11, 8pm

MANHASSET, NY -- China is going all out to transform itself from a manufacturing powerhouse to an innovation engine in the...

@leashless - these guys might get it @hexayurt

spongenet.org 09 Nov '11, 2am

Climate Change: Bridging the Gap Between the Developing World & the UK Part of the Development & Disaster Relief Lecture S...

Venture Capital’s Dr. Death

spectrum.ieee.org 10 Nov '11, 12am

I think if you really pressed your typical venture capitalist on the origins of the universe, they might hedge a little bu...

Also, why does Mah Bow Tan have an orchid named after him? Did that flower also cause a property crisis? (photo 17).

Also, why does Mah Bow Tan have an orchid named...

relax.com.sg 13 Nov '11, 5am

While entry into the Flower Dome will be limited to ticket holders of the 20WOC, members of the public will be able to roa...