11 Updates
Swindler jailed for life in China
Photo Credit: Feng Li, Getty Images

Swindler jailed for life in China

Jun 15 2013, 9:18pm CDT | by

Beijing, June 16 (IANS) A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies.

Beijing, June 16 — A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies. Liu Jiyuan,...

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1 year ago

Swindler jailed for life in China

Jun 15 2013, 9:18pm CDT | by

Beijing, June 16 (IANS) A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies.

Beijing, June 16 — A court in China has sentenced a man to life imprisonment for forging financial documents to get over 10 billion yuan (around $1.6 billion) from banks and companies.

Liu Jiyuan, 45, former president of an investment management company in Shanghai, was accused of swindling 10.13 billion yuan from several banks and enterprises between November 2008 to November 2010, Xinhua reported.

The court in Jinan in Shandong province said Liu forged seals of banks and companies, loan materials, certificates of deposit and telegraphic transfer as well as cheques.

Liu was also accused of pretending to be a bank staffer to illegally gather deposit from enterprises.

Over eight billion yuan has been retrieved after Liu's case was exposed.

IANS

Source: IANS

 
Update
11

34 minutes ago

Vladimir Putin’s Awkward, Hypocritical Relationship With Separatists

Jul 22 2014 1:28pm CDT | Source: ThinkProgress

Will Freeman is an intern with Think Progress. CREDIT: AP Images Russia just passed a new law promising increased penalties, including heavy fines or up to four years in prison, for making public calls for separatism — the ultimate irony for a country that is actively fueling a separatist movement just over the border in Ukraine. Over the years, President Vladimir Putin has made it his trademark in speeches and even New York Times op-eds to call out the U.S. o ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
Update
10

39 minutes ago

Stop Inversions with Tax Cuts

Jul 22 2014 1:23pm CDT | Source: Downsizing Government

Chris EdwardsThe corporate inversion trend tells us that global tax competition is intense and that U.S. tax reform is long overdue. Our combined federal-state corporate tax rate of 40 percent is far higher than the rates of our trading partners. Inversions are a bid by companies to create self-help tax reform while Congress sits on its hands.U.S. companies compete in foreign markets against firms based in countries that have lower tax rates and ...
Source: Downsizing Government   Full article at: Downsizing Government
 

 
Update
9

57 minutes ago

Downing of MH-17, Ukrainian Crisis Lay Bare US, European Weakness

Jul 22 2014 1:05pm CDT | Source: Big Government

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The downing of Malaysia flight MH17 casts new light on just how inept and decadent the United States and Europe have become. Faced with Russia’s annexation of the Crimea and attempts to repeat in eastern Ukraine, the best Western Europe and the United States have mustered are strong words and token sanctions on top Russian officials and several companies. That’s hardly enough to deter Vladimir Putin’s ambitions to make Russia the domi ...
Source: Big Government   Full article at: Big Government
 

 
Update
8

1 hour ago

Poll: U.S. Leads The World… In Climate Denial

Jul 22 2014 12:52pm CDT | Source: ThinkProgress

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CREDIT: SHUTTERSTOCK A poll of 20 countries and over 16,000 people has found that the United States leads the world when it comes to climate denial. That result is based on two questions asked by the British survey company Ipsos Mori in its first ever Global Trends Survey. The poll, conducted between September and October last year, analyzed views from around the world on a variety of issues, including science and technology, privacy, the environment, health, and government. The ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
Update
7

1 hour ago

China Food Scandal Spreads to Starbucks and Burger King

Jul 22 2014 12:32pm CDT | Source: Infowars

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TV report showed staff using expired meat and picking up meat from the floor to add to the mix. ...
Source: Infowars   Full article at: Infowars
 

 
Update
5

1 hour ago

Italy Slaps Google With Tougher Privacy Regulations

Jul 22 2014 12:16pm CDT | Source: ThinkProgress

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CREDIT: AP Photo Italian regulators have slapped Google with stricter regulations that should change how the company stores and collects user data, a move that closes out a year-long European investigation into Google’s privacy practices, Reuters reported. The new regulations mean Google will need consent before tracking people’s data and using it for advertising. Google must also delete users’ data every t ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
Update
4

2 hours ago

World View: Gaza War Splits Arab States into Competing Alliances

Jul 22 2014 11:44am CDT | Source: Big Government

U.S. Sec. of State Kerry Arrives In Amman
This morning's key headlines from GenerationalDynamics.com Ukraine's pro-Russian separatists grudgingly give up 'black boxes' Gaza war splits Arab states into competing alliances Ukraine's pro-Russian separatists grudgingly give up 'black boxes' Late Monday, the pro-Russian separatists in east Ukraine, under enormous international pressure, grudgingly handed over to Malaysian officials the "black boxes" from Malaysia Airlines flight MH17 th ...
Source: Big Government   Full article at: Big Government
 

 
Update
3

2 hours ago

China brewing wine from tiger bones

Jul 22 2014 11:39am CDT | Source: WND

(DAILY BEAST) From an old cardboard box, Li Wen drew a clear glass bottle filled with a dark brown liquid. The yellowed label indicated that it was brewed decades ago. “I have newer batches too,” Li said in a voice stained by caffeine and nicotine, “and I’m also making my own.” Several steps away, like a stage magician, he lifted a black cloth for the grand reveal: a glass carboy, about five gallons in volume, filled nearly to the bri ...
Source: WND  Full article at: WND
 

 
Update
2

3 hours ago

Starbucks, Burger King in China food scandal

Jul 22 2014 10:56am CDT | Source: WND

(NEW YORK POST) The latest food scandal in China is spreading fast, dragging in US coffee chain Starbucks, Burger King Worldwide Inc. and others, as well as McDonald’s products as far away as Japan. McDonald’s Corp. and KFC’s parent, Yum Brands Inc., apologized to Chinese customers on Monday after it emerged that Shanghai Husi Food Co. Ltd., a unit of US-based OSI Group LLC, had supplied expired meat to the two chains. On Tuesday, Starbucks said so ...
Source: WND  Full article at: WND
 

 
Update
1

3 hours ago

We're Heading Into a Jobless Future, No Matter What the Government Does

Jul 22 2014 10:18am CDT | Source: Politics - The Huffington Post

Kairos Society Global Summit - Day 2
In an op-ed in The Wall Street Journal, former Treasury Secretary Lawrence Summers revived a debate I'd had with futurist Ray Kurzweil in 2012 about the jobless future. He echoed the words of Peter Diamandis, who says that we are moving from a history of scarcity to an era of abundance. Then he noted that the technologies that make such abundance possible are allowing production of far more outp ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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