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China's First Computer Money Launderer Sentenced to Life Imprisonment
A local bank employee was sentenced to life imprisonment recently for money laundering using a computer, stealing a total of 1.41 million yuan from the state coffer.
This is the first money laundering case involving the use of a computer in China.
From May to August in 1990, Fang Yong, 37, took advantage of his job as an accountant and stole public money by faking accounts and stealing from bank accounts. Fang's skill at his job kept him from being discovered until he traveled to Canada illegally.
Fang was discovered to be an illegal resident and was extradited from Canada and handed to Chinese police in January last year.
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