Retired Prosecutor’s Crime Exemplifies How Fraudulent Investment Schemes Have Crippled Chinese Society

Retired Prosecutor’s Crime Exemplifies How Fraudulent Investment Schemes Have Crippled Chinese Society
An old woman presents her change at a housing sales office on September 12, 2016 in Nanyang, Henan Province of China. VCG/Getty Images
|Updated:

A retired prosecutor from Henan Province, China, was executed on Aug. 7 for killing or injuring a dozen students at a local school two years ago. His story exemplifies how fraudulent financial schemes can push ordinary citizens to extremes.

Ma Gaochao, a retired prosecutor in Nanyang City, drove a car into Nanyang No. 1 High School as students were leaving the school in February 2016. He allegedly sped up to hit the students as they were crossing the road, killing one student and injuring another 11.