19 sen­tenced in fraud case

China Daily (Hong Kong) - - CHINA -

A court in Lang­fang on Monday sen­tenced 19 peo­ple to jail in a fraud case in­volv­ing at least 5.39 bil­lion yuan ($7.82 mil­lion). Xiao Xue, head of Huangjin­jia In­vest­ment Group, was sen­tenced to 10 years in pri­son for il­le­gally tak­ing de­posits from the public, according to the city’s Guangyang Dis­trict Peo­ple’s Court. Four­teen oth­ers were sen­tenced for the same crime, with jail terms rang­ing from two years and five months to six years, the court said. A fur­ther four, who had tried to pro­vide a safe har­bor for the de­fen­dants or hide their il­le­gal gains, were jailed for be­tween two years and three months, and three years, it said.

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