{"id":38470,"date":"2009-05-06T21:51:15","date_gmt":"2009-05-07T04:51:15","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=38470"},"modified":"2009-05-06T21:51:15","modified_gmt":"2009-05-07T04:51:15","slug":"us-jails-china-bankers-for-fraud","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/05\/us-jails-china-bankers-for-fraud\/","title":{"rendered":"US Jails China Bankers for Fraud"},"content":{"rendered":"<p>Two former Bank of China managers, and their wives, have been sentenced to up to 25 years in prison in the U.S. for stealing $485 million. <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/americas\/8037171.stm\">BBC reports<\/a>:<\/p>\n<blockquote><p>\nXu Choafan, Xu Guojun, Kuang Wan Fang and Yu Ying Yi had also been convicted of passport fraud and of laundering the money through banks and casinos.<\/p>\n<p>The Las Vegas court also ordered to four to pay back $482m.<\/p>\n<p>Prosecutors said the convictions showed foreign nationals could not &#8220;live off their ill-gotten gains in the US&#8221;.<\/p>\n<p>Xu Chaofan and Xu Guojun were sentenced to 25 and 22 years respectively while their wives Kuang Wan Fang and Yu Ying Yi to eight years each. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Two former Bank of China managers, and their wives, have been sentenced to up to 25 years in prison in the U.S. for stealing $485 million. BBC reports: Xu Choafan, Xu Guojun, Kuang Wan Fang and Yu Ying Yi had also been convicted of passport fraud and of laundering the money through banks and casinos. [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,10],"tags":[5897,203,7963],"class_list":["post-38470","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-law","tag-bank-of-china","tag-corruption","tag-us-law","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Jails China Bankers for Fraud<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/05\/us-jails-china-bankers-for-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Jails China Bankers for Fraud\" \/>\n<meta property=\"og:description\" content=\"Two former Bank of China managers, and their wives, have been sentenced to up to 25 years in prison in the U.S. for stealing $485 million. 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