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Vietnamese tycoon faces scramble to raise billions to avoid death sentence (www.theguardian.com)

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The Vietnamese property tycoon Truong My Lan has lost her appeal against the death penalty for masterminding a multibillion-dollar fraud scandal – though she could still save her life if she can repay most of the funds she embezzled.

Lan, who founded the real-estate developer Van Thinh Phat, was sentenced to death in April for embezzling $12bn (£9.95bn) from Saigon Commercial Bank (SCB), in a case that shocked the country.

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[–] phoenixz 3 points 3 months ago

So musk has received billions over billions of dollars without giving nearly the results he promised. SpaceX is a shit show, receiving over 3 billion dollar to get us to Mars this year and best they can do is blow up a launch pad to look cool and then explode a banana over the Indian ocean.