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‘Star’ Chinese banker jailed for life for stealing US$400 million from clients in Ponzi scheme

Summary:
[unable to retrieve full-text content]A “star” bank manager from Beijing has been jailed for life for stealing the equivalent of US0 million from clients and using the money to finance her lavish lifestyle.Zhang Ying, the former head of the Hangtianqiao branch of China Minsheng Bank in Beijing, was found guilty of using fake wealth management contracts to cheat customers out of 2.7 billion yuan (US2 million) in a Ponzi scheme between 2013 and 2017, according to a court ruling published last week.Zhang was convicted at the…

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[unable to retrieve full-text content]
A “star” bank manager from Beijing has been jailed for life for stealing the equivalent of US$400 million from clients and using the money to finance her lavish lifestyle.Zhang Ying, the former head of the Hangtianqiao branch of China Minsheng Bank in Beijing, was found guilty of using fake wealth management contracts to cheat customers out of 2.7 billion yuan (US$412 million) in a Ponzi scheme between 2013 and 2017, according to a court ruling published last week.Zhang was convicted at the…

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