Former China Welfare Lottery deputy director Feng Lizhi has been sentenced to 17 years in prison on charges of corruption. Lizhi, who admitted last year that he took bribes worth RMB5.8m, reportedly contributed to the government’s loss in lottery revenue amounting to RMB160m. He was supposed to serve 18 years in prison—12 for bribery and six for abuse of office—but he was able to deduct one year in exchange of paying a penalty of RMB1m. As karma would have it, Lizhi will not be able live through his jail sentence as he is suffering from advanced lung cancer.
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 We must have perseverance
and above all confidence in ourselves.
—Marie Curie |
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The Story
Former China Welfare Lottery deputy director Feng Lizhi has been sentenced to 17 years in prison on charges of corruption. Lizhi, who admitted last year that he took bribes worth RMB5.8m, reportedly contributed to the government’s loss in lottery revenue amounting to RMB160m. He was supposed to serve 18 years in prison—12 for bribery and six for abuse of office—but he was able to deduct one year in exchange of paying a penalty of RMB1m. As karma would have it, Lizhi will not be able live through his jail sentence as he is suffering from advanced lung cancer. |
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CalvinAyre.com’s Rafi Farber warned against two financial issues that investors should watch over the next month and will likely show if a U.S. downturn is in store this year.
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Microsoft Korea reported that the Asian country is facing an increasing amount of cyberattacks, prompting them to ask citizens to use cloud computing and other technologies to back up data.
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Genting UK has announced its Luton casino, located at Skimpot Road, will undergo a £750k refurbishment that will see upgrades to the gaming room, poker room, bar, and lounge areas.
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| Congratulations to Weijie Zheng for winning the €1,150 buy-in, €1m GTD Irish Poker Open Main Event! The tournament attracted 1,807 entrants and Zheng defeated them all to take home the €300,000 first prize. |
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