Chen Jianxue was already a wealthy man when he became a deputy branch manager at the Agricultural Bank of China in 1995. He soon went to the dark side, however, and began siphoning off funds to acquire, among other things, a disco, a supermarket, a shrimp farm and a plastics factory.
Realising that the game was up in 2003, we literally headed for the hills and lived in a cave for 8 years.
The Daily Telegraph reports that finally, after reading in late 2010 that criminals who turned themselves in would be treated leniently, Mr Chen decided to give himself up in November last year. He was allowed to meet with his family, and he apologised to his wife. His trial is under way in Hainan.
Finally, it's not been a good few days for Wells Fargo. Firstly, the bank has been roundly condemned over its firing of a customer services representative over a 10 cents fraud committed almost 50 years ago, now CBS News reports that the owners of a modest home near Twentynine Palms, Los Angeles, have lost their cherished possessions after the bank mistakenly foreclosed their residence.
A crew broke into Alvin and Pat Tjosaas’ desert home and took everything after being directed by Wells Fargo to secure the structure.
The couple, however, didn’t have a mortgage on the home.
Alvin said the deputy sheriff said, 'Good news, we know who took (your possessions)…Wells Fargo. Bad news, your stuff is all gone'.
Hit the link below to access the complete CBS article:
Owners Lose Possessions After Home Near Twentynine Palms Is Mistakenly Foreclosed
The Billionaire's Apprentice
The Buy Side: A Wall Street Trader's Tale of Spectacular Excess
