CrimeDivas

Female White-Collar Crime Divas-Mordern Day Thieves

Sentenced to death for cheating Investors – China

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     I once read somewhere that it only takes one thing to change and alternate your life. As I was reading of this woman who was sentenced to death for “cheating investors” I wondered if the one incident that could have alternated her life was that the investments paid off instead of lost, she would not be on death row. Based on how the world operates, I believe she would have been celebrated and honored by her country.  But, because there was a great lost of “money”, which is viewed far more valuable than human  life she is being sentenced to death. This is the second death sentence of a female in China for a white-collar I have posted within the past year. It is very disturbing.

Today’s CrimeDiva, Su Yenyu, 42, of China was  convicted of cheating investors of 1.2 billion yuan ($200 million). Her appeal was denied and sentence upheld by the High People’s Court.

According to records, Ms. Yenyu promised high returns. It was reported that she diverted 552 million yuan ($87.6 million) for her own use after raising money to invest in restaurants, health clubs, coal mines and farms in Erdos, a city in China’s northern grasslands that is a center for coal mining and natural gas drilling. It was also reported that she invested 20 million yuan in lottery tickets.

The high court stated, “The amount of the fraud was extraordinarily large and caused significant damage to both the country and the people that the death penalty is mandatory.”

But the man who assisted her in pulling off the fraud Ren Wenxiang, was sentenced to only five years and fined 500,000 yuan ($80,000). [Wow, is this sexism?]

Join me in spreading the word to women all over the world about the high cost of white-collar crimes. Tell someone today about this site. You never know who may have a secret and is committing a white-collar crime. Visit our website: www.CrimeDivas.com and learn more.

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