Summary
Vietnam’s High People’s Court upheld the death sentence for real estate tycoon Truong My Lan, convicted of embezzlement and bribery in a record $12 billion fraud case.
Lan can avoid execution by returning $9 billion (three-quarters of the stolen funds), potentially reducing her sentence to life imprisonment.
Her crimes caused widespread economic harm, including a bank run and $24 billion in government intervention to stabilize the financial system.
Lan has admitted guilt but prosecutors deemed her actions unprecedentedly damaging. She retains limited legal recourse through retrial procedures.
No… A closer comparison shows that she would be like Sam Bankman-Fried with a 25 year sentence and ordered to repay $11 billion. Although she probably would end up on a cover of Forbes.
Bankman Fried didnt steal just from the people. He stole from other billionaires.
“You didn’t just steal from people, you had to go and steal from people who had a lot of money and THAT crosses a LINE!”
–American justice system