Fraudster jailed for life for big con
China Daily | Updated: 2010-03-22 07:55
A Madoff-style fraudster who swindled 660 million yuan from a bank in the form of loans has been jailed for life at a Beijing court.
Two bankers who helped with the con were also jailed.
Xie Genrong, who was listed among the country's richest people in 2003, was convicted of loan fraud at the city's No 1 Intermediate Court.
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