Hunan province businessman Zeng Chengjie — who emerged from poverty to become a major real estate developer — was executed by the Chinese government for fraud and illegal fundraising last week.
According to Zeng's daughter, local Party members removed their investments from her father's projects in 2009, causing panic among ordinary investors. Zeng was left "holding the bag" in the alleged Ponzi scheme. He was imprisoned and his assets sold by a state-owned company.
No comments:
Post a Comment