Nevada Deals 20 Years to Thieving Chinese Bankers

Embezzlers tried to launder stolen $500M through Vegas casinos
By Rob Quinn,  Newser Staff
Posted May 7, 2009 4:34 AM CDT
Nevada Deals 20 Years to Thieving Chinese Bankers
Two Chinese bankers and their wives have been jailed for laundering fraud proceeds through Las Vegas casinos.   (AP Photo/Kin Cheung)

Two managers who scammed the Bank of China for nearly $500 million and fled to the US have been sentenced to more than 20 years each by a Nevada court, the BBC reports. The men's wives—who helped them launder the cash through Las Vegas casinos—were given 8-year sentences. Prosecutors said they hoped the sentences would send a message to foreign crooks seeking to live the high life in the US with their ill-gotten gains.
(More China stories.)

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