19 sentenced in fraud case
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.