Too bad we do not work like this.... Securities Manager Sentenced to Death for Embezzlement

[Jeff Tumbarello]

Securities Manager Sentenced to Death for Embezzlement - BEIJING - A Beijing court upheld the death sentence of a former securities firm manager found guilty of embezzling 60 million yuan ($8.8 million), his defense lawyer and state media said Wednesday.

Yang Yanmin was convicted of stealing the identities of his staff at China Galaxy Securities Company to borrow money and open stock accounts, state media said.

"He was sentenced to death yesterday and now the decision only awaits approval from the Supreme Court," defense lawyer Qian Lieyang said after the retrial at the Beijing Higher Court on Tuesday.

Yang admitted in court in late March during an earlier session of his retrial that some of the money had been used for bribes, but he did not give details, Qian said.

The Beijing Morning Post said Yang was the first member of China's securities industry to be sentenced to death for embezzlement.
:D :cool: :lol: