The Shanghai broker has received 13 years for a crime 14-year-old
BEIJING, March 22 — RIA Novosti, Ivan Bulatov. Broker from Shanghai, who stole and squandered 14 years ago, their client funds, was sentenced to 13 years imprisonment, wrote in a Wednesday newspaper Shanghai Daily.
It is reported that the man named Jianguo Have previously worked as a stockbroker in the company China Eagle Securities. In the late 1990’s and early 2000’s, he had access to 200 million yuan of customer funds.
In 2002, he lost several dozen million yuan of customer funds in the stock market and fled to Shanghai with 3.6 million yuan (about 521 thousand dollars) in the city of Zhumadian in Henan province, where he made a fake ID. He was later forced to move to the city of Yantai in Shandong province, where he opened a restaurant, which after a year closed due to losses.
The former broker became a courier. In June 2016, 14 years after he left Shanghai with stolen clients ‘ money, the police managed to arrest him. The court held in Shanghai this week meeting found him guilty.