Chinese businesswoman's death sentence upheld in $200 million fraud case
Nov 5, 2013 / 1:38 am
BEIJING, China - A Chinese court has upheld the death sentence of a businesswoman convicted of cheating investors of $200 million in the second case of its kind this year.
The government's Xinhua News Agency said Su Yenyu's appeal of her conviction was rejected Tuesday by a court in the northern region of Inner Mongolia.
Su, 42, was convicted in January of cheating investors of 1.2 billion yuan ($200 million) after attracting money by promising high returns. It said she diverted 552 million yuan ($87.6 million) to her own use.
The communist government has been cracking down on informal financing that is widely used by entrepreneurs following a wave of defaults.
A businesswoman in southeastern China was sentenced to death in May on charges of stealing 640 million yuan ($100 million) from investors.
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