Wu Ying
The indictment alleged that between May 2005 and February 2007, Wu Ying had illegally raised 770 million yuan from the public by promising them high investment returns, and only 380 million yuan was recovered when she was arrested. Wu Ying's attorney Yang Zhaodong, however, contested that she merely borrowed the money from 11 of her friends and invested the funds in profitable businesses. In December 2009, the court found her guilty and sentenced her to death. Wu Ying appealed to the Zhejiang Provincial Court, but on 18 January 2012, the provincial court upheld the conviction and the death penalty.