That'll...Show Her?


China sentenced Wu Ying to death for defrauding investors of more than $100 million, the China News Service reported today, citing a court ruling. Wu, born in 1981, raised 773 million yuan ($113 million) with promises of high returns, according to a report by the Beijing-based news service posted to, a Web site operated by the Supreme People's Court of China. The Jinhua Intermediate People's Court of Zhejiang province ruled Wu's actions undermined the stability of the nation's financial system, according to the report.
Wu used a portion of the money for futures trading, racking up 50 million yuan of losses, China News reported. She also spent almost 20 million yuan buying automobiles, including a 3.75 million yuan Ferrari SpA car, according to the report.

Chinese Court Sentences Woman to Death for $113 Million Fraud [Bloomberg]


Meredith Whitney, Investor Who Sued Her To Get Money Back Her Are Friends Again

Whitney and Michael Platt have buried the hatchet, despite the "crude" way he "shocked" her with a redemption request.