21 May '12, 11am

Chinese businesswoman, sentenced to death over cheating investors out of $76.4 million, gets reprieve

BEIJING (Reuters) - A self-made Chinese businesswoman convicted of cheating investors out of millions had her death sentence commuted on Monday, state media said, following thousands of Internet pleas urging leniency. Wu Ying, 31, the daughter of a peasant, was convicted in 2009 of cheating investors out of 380 million yuan (S$76.4 million) by offering returns as high as 180 per cent, while she spent the money on a lavish lifestyle, including buying four BMWs and a Ferrari. She was sentenced to death by a court in eastern Zhejiang province, a ruling that was overturned by the Supreme Court in April. On Monday, she was handed down a death sentence 'with a two-year reprieve', Xinhua news agency said, a sentence which usually translates into life in prison. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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@mattallen — kinda cheating, but it works

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