China Daily reports that the two men responsible for China’s largest ever bank robbery, over 50 million yuan, have been sentenced to death.
I first wrote on this story in Not so smart bank robbers. Ren Xiaofeng (pictured above) claimed that he and his accomplice “never intended to rob the bank.” They spent most of the money they took on lottery tickets believing the odds of winning big were in their favor. After winning big they would return what they took to the bank and still be able to live in luxury. Ren confessed that he and his accomplice both “like to play the lottery”. Unfortunately their winnings did not match the money they stole and they became China’s two most sought after fugitives.
In Vault managers get death for bank theft, China Daily reports that five bank officials have been fired as a result of this fiasco.
Ren Xiaofeng is the father of two year old twins.
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