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http://www.thestar.com/business/2012/11/28/crown_seeks_8year_sentence_for_chinese_warren_buffett.html
The self-proclaimed “Chinese Warren Buffett” should also be ordered to forfeit $2.84 million for defrauding hundreds of investors out of more than $20 million.
“This was a major, major fraud,” Crown attorney Gavin MacDonald told the Ontario Superior Court during the sentencing hearing.
A jury convicted Tang of one count of fraud over $5,000 last month.
The court heard during the trial that Tang collected about $52 million from over 200 investors through his company, the Oversea Chinese Fund Limited Partnership.
About $19 million was lost in the market and $2.8 million was funneled into personal accounts belonging to Tang, his businesses, and his family. The rest was returned to investors.
He promised investors guaranteed returns as he built up his image as a high-profile business leader in Toronto’s Chinese community.
Tang comingled investor funds and used money from new investors to pay previous ones, creating an illusion of blockbuster returns that prompted investors to borrow from family members, the bank, and even mortgage their homes to give more of their money to Tang, the trial heard.
看上面的报道,似乎他账上的钱去处都查明了,就是没有说明那一笔钱是他造假账的结果。 |
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