China Executes Two for Defrauding Investors

August 6, 2009

China executed two business people for defrauding hundreds of investors out of more than $127 million, calling the scam a serious blow to social stability, state media said Thursday. China's highest court said the fraud had "seriously damaged the country's financial regulatory order." China puts to death more people than any other country, although last month a high official for the Supreme People's Court, which reviews every death sentence, said the punishment should be used more sparingly.