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News & Current Events Apr 14, 2026 at 7:56 AM

Founder of China's Evergrande pleads guilty to fraud

Posted by killingmesoftly69420


Founder of China's Evergrande pleads guilty to fraud
www.bbc.com
Founder of China's Evergrande pleads guilty to fraud
Evergrande was once China's biggest real estate firm, with a stock market valuation of more than $50bn.

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14 Comments

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Loose_Skill6641 5 days ago +43
largest fraud in world history to be exact
43
Loki-L 5 days ago +16
The Chinese government can tolerate a lot from their corrupt elite, but screwing up so badly, that the people start to openly protest in the streets about where their money went, is the sort of thing, that they will discourage with extreme prejudice.
16
eastbay77 5 days ago +21
Oh boy, this is not going to end well for him.
21
AzureFides 5 days ago +11
This is probably way better than what CCP threatened him. 
11
Proud_Jello9093 4 days ago +4
theyre gonna execute this guy, china doesn't f*** around when it comes to rich people committing financial crimes
4
THEdoomslayer94 5 days ago +2
That went without saying
2
theixrs 5 days ago +9
Down goes another billionaire 
9
supercali45 5 days ago +6
China loves to execute these kind of Fraudsters .. we need this here
6
royale_wthCheEsE 5 days ago +8
China executes billionaires if they get out of line.
8
Rayl24 4 days ago +6
Maybe the rest of the world should follow suit
6
neuroasis 4 days ago +3
Delusions of Evergranduer 
3
samratvishaljain 5 days ago +2
Seems like he is stuck
2
squirrel4000 4 days ago +1
he ded
1
isekai_cheese 5 days ago -1
hows that chinese real estate? not doing so good tony. you think theres a whole bunch of people moving to china?
-1
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