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She Was Convicted of Making a Bank Her Personal ATM—and Sentenced to Death

Along Came Jones

Along Came Jones

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HANOI—The scheme described by prosecutors was brazen: Buy a controlling share of a bank, fill its ranks with loyalists, then pay them to lend you billions of dollars for real estate deals.

Vietnam authorities say a property tycoon named Truong My Lan carried out the audacious plan for more than a decade. A court in the country sentenced the 67-year-old businesswoman to death in April in the biggest financial scandal the Southeast Asian nation has ever seen.

No golden parachute for Ms. Truong. Communist courts are not known for handing out soft landings to out of favor tycoons. Story from WSJ via MSN.
 
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