A star Chinese stock trader who was arrested after a market collapse in 2015 was sentenced Monday to 5? years in prison on charges of manipulating prices and insider trading.
Xu Xiang was one of a series of brokers and others in the securities industry who were detained after share prices plunged. That prompted suggestions the ruling Communist Party was trying to deflect blame for the rout that wiped out some $5 trillion in stock value.
Continue to ABC.com article: http://abcnews.go.com/International/wireStory/star-chinese-stock-trader-jailed-manipulating-prices-44979712?cid=clicksource_4380645_5_heads_posts_headlines_hed
[pro_ad_display_adzone id="404"]
