China Overturns Tycoon’s Death Sentence

    In this photo taken on Saturday April 16, 2009 and made available on Tuesday April 19, 2011, Wu Ying, head of the Bense Holding Group, stands on trial for allegedly raising over 390 million yuan by promising high returns to her creditors at the intermediate people's court in Jinhua in eastern China's Zhejiang province.  (AP Photo) CHINA OUT

    AP Photo

    China’s Supreme People’s court overturned a death sentence and announced a retrial for Wu Ying, a 31-year-old self-made billionaire convicted of “fundraising fraud” three years ago, according to the report by China’s state news agency, Wu Ying’s case has triggered an outcry in china, particularly on the internet, over death sentences for nonviolent crimes. Ms. Wu,  the founder of Bense Holding Group, was sentenced to death in 2009 for cheating investors out of roughly $60.2 million, but her supporters said her dealings with the investors weren’t fraudulent. Wu is renowned in China for her rags-to-riches story of opening a hair salon at age 15 and that expanded into a huge business empire.