SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: S. maltophilia who wrote (23283)9/11/2002 3:55:32 PM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
China implements "Great Fire Wall"
salon.com



To: S. maltophilia who wrote (23283)9/11/2002 8:51:17 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hello Khalil, a sense of utter shame and community ostracism generally serve to get debt paid within the Chinese communities around the globe, even in China, eventually, after much hard collecting work.

I had noted that part of my living is derived from helping folks to divest themselves of their China troubles, often involving encouraging their Chinese partners to buy them out at terms close to commercial terms. To accomplish my mission, I use sticks and carrots, and sometimes I use carrots as sticks, and at other times, sticks as carrots, not caring much about where I stick the carrots, as long as they hurt;0)

My victims squirm, shout, threaten, squirm some more, but eventually pay up, glad to be rid of me, so that I make another Lucite block tombstone for a job done well or otherwise, but done. 30% of time is devoted to such exertions, but 50% of my revenue results from the exercise. Lucrative to the point of silliness.

No, I do not work with dead cats and dogs:0)

Chugs, Jay



To: S. maltophilia who wrote (23283)9/12/2002 1:41:49 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
hongkong.scmp.com

Thursday, September 12, 2002
Banker guilty of $0.5m theft

MO PUI YEE
A former bank manager embezzled more than half a million dollars from a customer's fixed-deposit account to pay off his credit card debts after forging his signature on withdrawal forms, a court heard yesterday.

Wong Kai-cheung, 45, ex-assistant manager of the Hong Kong Chinese Bank, withdrew funds from Ip To-leung's account on seven occasions between April and September last year totalling $526,679, the District Court heard.

Wong pleaded guilty to seven counts of obtaining property by deception and one of using a false instrument before Deputy Judge Michael Jenkins.

Prosecutor Michael Arthur said Mr Ip, 54, had contacted Wong in May 1997 on the advice of an ex-colleague. Mr Ip opened a fixed-deposit account at the bank's Queensway branch in Admiralty, where Wong worked, and deposited $544,878 in pension funds.

But Wong, who was responsible for Mr Ip's account, withdrew funds on seven occasions last year after forging Mr Ip's signature on fake forms.

In January, Wong gave fake forms to Mr Ip confirming his account balance. However, when Mr Ip contacted the bank it said it had not issued them. Further, Mr Ip was told Wong had been dismissed by the bank on September 26 last year amid lay-offs.

Wong was arrested at home on February 22. He freely admitted the offences, telling police he had spent all the money he embezzled to settle credit card debts, the court heard.

Deputy Judge Jenkins asked the prosecution to check whether Mr Ip had received compensation from the bank and adjourned sentencing Wong until September 25 for reports.