Thursday, July 26, 2007

GAMBLING PROBLEM call 1-800-BETS-OFF

Five Chinese men accused of stealing 51 million yuan (6.7 million dollars) and then buying lottery tickets in an attempt to win the money back have gone on trial.
Bank workers Ren Xiaofeng, 34, and Ma Xiangjing, 37, were charged with embezzling the Agricultural Bank of China in one of the most bizarre bank heists in history. Ren and Ma were vault managers at a branch in Handan city in the Northern Province of Hebei when they started taking money from the safe to play the state lottery in what state media called the country's biggest bank robbery on record. The two thought that by buying millions of yuan in tickets they would eventually win back enough to replace the missing funds and allow them to leave their low-paid jobs for a life of luxury. At first Ren colluded with Zhao Xuenan and Zhang Qiang, charged with misappropriation of public funds, and stole 200,000 yuan from the bank's safe. Ren actually replaced the missing funds after he won the lottery. But Ren became bolder when he began collaborating with Ma, stealing another 50.95 million yuan from the bank during a 30-day period between March and April. They spent a total of 47 million yuan on lottery tickets in Handan, but failing to win, went on the run in mid-April, only to be arrested by police days later.

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