China Executes Former Tycoon for Murder(stock,hitman,blackmail...)

AP ^ | 03/18/06 | ALEXA OLESEN

[TigerLikesRooster]

China Executes Former Tycoon for Murder

By ALEXA OLESEN, Associated Press Writer

2 hours, 5 minutes ago

A Chinese tycoon once worth more than $360 million has been executed by lethal injection for having a man who tried to blackmail him killed, a court statement and news reports said Saturday.

Yuan Baojing and two accomplices were put to death by lethal injection Friday after a court in China's northeastern Liaoning province upheld a death sentence handed down last year, said a notice on the official Web site of China's courts.

News photos in several Chinese papers showed a bespectacled Yuan, wearing a white track suit and a long white scarf, standing in front of the judge in the Liaoyang City Intermediate People's Court.

"I refuse to accept it. I will inform against someone," the Beijing Youth Daily quoted Yuan as saying after the judge announced the final decision.

Yuan appeared "very agitated" as he was escorted out of the court, and was executed about 15 minutes later, the paper said.

Yuan, 40, was convicted last year of hiring a hit man in a failed plot to kill a business partner who had caused Yuan's company to lose $11 million in futures trading, according to earlier news reports.

The man who found the hit man for Yuan then blackmailed him, and Yuan paid his brother and then his cousin to kill the blackmailer. The blackmailer was shot to death in Oct. 2003.

The charge cited for the execution was "intentional murder," the Web site said. Yuan's brother, Yuan Baoqi, and cousin, Yuan Baosen, were also executed Friday, it said.

Yuan made his fortune with the Beijing-based Jianhao Group and was estimated to be worth more than $363 million in 1996.

[TigerLikesRooster]

Yuan appeared "very agitated" as he was escorted out of the court, and was executed about 15 minutes later, the paper said.

Yep, that is pretty fast.

Chinese tycoon Yuan Baojing once worth more than US$360 million and sentenced to death by lethal injection for having a man who tried to blackmail him killed, is escorted by police in court in Liaoyang, China Friday March 17, 2006. Yuan and two accomplices were put to death by lethal injection Friday after a court in China's northeastern Liaoning province upheld a capital punishment judgment handed down last year, said a notice on the official Web site of China's courts. (AP Photo/EyePress)

[TigerLikesRooster]

Ping!

[jazusamo]

"I refuse to accept it. I will inform against someone,"

He might not have accepted it but less than a half hour later he went to never never land. That probably sends a message to many other Chinese.

[COEXERJ145]

Yuan Baojing and two accomplices were put to death by lethal injection...

I wonder how much he had to pay in order to avoid a bullet to the back of the head.

[the invisib1e hand]

so much more efficient than the gulag. communism setting the standard in justice again.

[zipper]

That'll teach 'em not to fall behind on their Communist Party dues.

[Lancer_N3502A]

"put to death by lethal injection"

How progressive of them. And here I thought they just shot them in the head with an AK-47, billed the family for the bullet and harvested they're organs.

[Californiajones]

Wait, a country run by murderers -- I haven't noticed a regime change since the days of Mao's mass murdering Cultural Revolution and the Gang of Four; not to mention Tiannamen Square state slaughter of the innocents -- is calling this guy a murderer?

I.e. he must have been making too much money for the ChiCom oligarchs, and they wanted it for themselves.

[Jaysun]

"I refuse to accept it. I will inform against someone," the Beijing Youth Daily quoted Yuan as saying after the judge announced the final decision.

Did this guy not understand that he had 15 minutes to live?

[coconutt2000]

That was fast...

[Mind-numbed Robot]

Did this guy not understand that he had 15 minutes to live?

I suspect he did not. He obviously anticupated a longer appeals process allowing him to bargain. If he informed on anyone he had to talk fast.

[Flavius]

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[Mind-numbed Robot]

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Flavious, I don't know how you got lost but that comment has nothing to do with this thread.

[Flavius]

the evil empire

[Mind-numbed Robot]

Ah so! I am sorry I missed the connection. Your first graphic did not show on my computer.

[HitmanLV]

A good rule is to do it yourself and cleanup after. Hitmen aren't what they used to be - if they ever get caught, they may drop a dime on you. They could also be cops undercover. Or try to blackmail you.

It's an old profession that's lost a lot of its honor.

Do it yourself. Or hire someone you can trust.

[Mind-numbed Robot]

I meant # 15 for you but decided to communicate with myself instead. :-)

[Jaysun]

I suspect he did not. He obviously anticupated a longer appeals process allowing him to bargain. If he informed on anyone he had to talk fast.

Can you imagine? What a shocker. "But...but...hey, I need to talk to someone....this isn't righ-"

[Mind-numbed Robot]

Can you imagine? What a shocker.

I was thinking the same thing. He probably had all sorts of schemes as to how he was going to get out of that deal. Big oops.

[Flavius]

no problems cant help it star wars is still one of my favorites (first III)