CrimeDivas

Female White-Collar Crime Divas-Mordern Day Thieves

$485 Million-Woman Repatriated to China

chineseThe US government convicted and jailed Kuang Wanfang, from China, for her part in a scam that stole over $485 million from a state-run Chinses bank. Ms. Wanfang was repatriated to China even though the two countries have no extradition treaty.

Ms. Wanfang, a Bank of China manager, and three co-conspirators were convicted in 2008 for a scheme to defraud the Bank of China of at least $485 million, according to records, The arrest came about after they were caught laundering money through casinos in Las Vegas.

Ms. Wanfang was sentenced to eight years in prison and authorities began moves to strip her of her fraudulently acquired US citizenship. Ms. Wanfang could be facing the death penalty in China, as white-collar crimes are subject to the death penalty. China is the world’s biggest executioner.

 The deportation of foreigners convicted of crimes in the US is general practice. However, it makes little sense to me that the US taxpayers should shoulder the burden of incarcerating them. This woman was sentenced to eight years in US prison, and then deported to China. It costs an average of $50,000 annually to house a prisoner. These funds should be used to better our education system. If the government is going to deport, then deport them and save US taxpayers money for more purposes that are useful.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

CrimeDiva’s T-Shirt

Stopping White-Collar Crime

Check-pointDecember 31st, 2016
We can all make a difference - share this blog site with others!

Crime,Women Health, News, Prison, Law, Books,Events,President,Love,Celebrities,gossip,fraud,security,fraud, mail fraud, wire fraud,politics,

LC DeVine

(570) 995-1551
Please leave a message!

What Are Those Crime Divas Up To?

Top Clicks

  • None

Top Posts & Pages

Fighting white-collar crime through education, prevention and healing

%d bloggers like this: