In China you steal as little as $13.8 million and you get a bullet to the head.
Dec. 9 (Bloomberg) -- A former senior trader at a Chinese securities company was executed yesterday for embezzlement and misappropriating 94.5 million yuan ($13.8 million), the official Xinhua News Agency reported, citing court documents.Can you imagine if you applied Chinese financial fraud law to the USA? It would be a holocaust and we'd have a population crisis!
I think they "get it" when it comes to understanding how allowing fraud to go unpunished will undermine an economy that is trying to bloom and find its footing.
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