Chinese Official’s Bribery Case Reveals Dangerous Pyramid Scheme Operated by Billionaire

Chinese Official’s Bribery Case Reveals Dangerous Pyramid Scheme Operated by Billionaire
Chinese businessman and CEO Tiens Group, Li Jinyuan (C), parades in Nice as part of a celebration for the 20th anniversary of his company, on May 8, 2015. His company was revealed to be running a pyramid scheme. VALERY HACHE/AFP/Getty Images
|Updated:

A recent Chinese court verdict sentencing an internet censorship official to prison for corruption crimes has revealed a darker web of misdeeds by a billionaire entrepreneur who once bribed him.

In March, the Beijing Municipal Court sentenced Chen Hua, former deputy director at the Beijing office of the Cyberspace Administration, to nine years imprisonment and a 600,000 yuan (about $90,000) fine for graft. He was found guilty of embezzling more than 3.2 million yuan (about $475,000), and accepting bribes of more than 1.05 million yuan.

Olivia Li
Olivia Li
Author
Olivia Li is a contributor to The Epoch Times with a focus on China-related topics since 2012.
Related Topics