Feeds

China executes securities trader over $9.52m fraud

Could have just given him a smaller bonus

Beginner's guide to SSL certificates

Chinese authorities have executed a securities trader found guilty of embezzlement to the tune of $9.52m.

However, the whereabouts of the siphoned-off cash is still unknown, Reuters reports - and presumably it will never now be recovered.

Yang Yanming received the death sentence back in 2005 for embezzlement while he was general manager of trading at China Great Wall Trust and Investment Corp, which later became Galaxy Securities.

"Preserve your moral integrity and don't set too much store by business results," Yang told a newspaper just before his execution.

China takes a very harsh line on criminality, although this is the first execution carried out on an erstwhile member of the financial classes.

China carries out more executions every year than any other country, with either the gun or lethal injection used.

While murder, drug trafficking and the like attract the penalty, the state will also happily execute other classes of criminals, with both corrupt officials and businessmen liable to pay the ultimate price if convicted. Executives involved in the notorious tainted baby milk scandal were handed death sentences earlier this year. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.