Three Governors of Bank of China Jointly Steal 4 Billion Bank Funds and Flee to America
On March 31, 2006, the Intermediate People's Court of Jiangmen City, Guangdong Province issued a public verdict in the first instance of Yu Zhendong's case of embezzlement and misappropriation of public funds. The defendant Yu Zhendong was sentenced to 12 years' imprisonment and his personal property of 1 million yuan was confiscated.
Since 2005, the Ministry of Public Security and the Ministry of Justice of China have negotiated with the United States on the repatriation of the two men and communicated with them face to face. The Chinese side once proposed that if they were willing to be repatriated to their country for punishment, the sentence would not exceed 20 years, but both refused to be repatriated.
In August 2008, the federal grand jury in Las Vegas found "Erxu" and his wives, Yu Yingyi and Kuang Wanfang, guilty of fraud, money laundering, money transfer and theft, forged passports and visas, etc. However, sentencing was delayed three times until May 6, 2009. "Erxu"'s terms of imprisonment in the United States this time have exceeded the highest sentencing standard of fixed-term imprisonment in China's criminal law. In 2009, he was sentenced to 25 years' imprisonment in the United States.
Four billion, or four billion two decades ago, is the total wealth of tens of thousands of ordinary people in their lives, which is equivalent to the lives of tens of thousands of people.
Unreasonable, but the death penalty for financial crimes will involve a philosophical problem of quantifying the value of human life, which is very politically incorrect, because a person's life cannot be quantized with money in the current mainstream view, which will lead to lower and lower quantification of the value of human life and more severe punishment, So now we can only exchange life for life and quantify human life by human life. Unless it is a serious violent crime that causes death, the death penalty will not be applied. However, the corresponding sentence should be extended. In fact, the maximum sentence of life imprisonment in China is 20 years of punishment, which is too low. The American model of life imprisonment is life imprisonment, or hundreds of years of fixed-term imprisonment, I think this can effectively punish these economic criminals.
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