24 scammers lose appeal, back in jail
By Xie Chuanjiao | China Daily | Updated: 2009-06-18 07:50
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Defendants in the country's largest pyramid selling scheme are seated during an appeal at Beijing People's High Court yesterday. The criminal mastermind, Zhao Pengyun, 37, from Shenyang, Liaoning province received a prison sentence of 15 years and was fined more than 300 million yuan after the court upheld an earlier verdict. His 23 associates received sentences of between 1 and 15 years and fines between 200,000 and 70 million yuan. Xinhua |
Twenty-four people have lost a high court appeal over their involvement in one of the country's largest pyramid schemes, in which more than 20,000 people were defrauded of 1.68 billion yuan ($246 million).
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