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Birmingham City owner sentenced to prison
New York Times, March 7th, 2014 3:39PM

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Carson Yeung, the Hong Kong businessman who partly owns the English soccer club Birmingham City, was sentenced to six years in prison for money laundering.

A former hairstylist and stock market speculator, Yeung stepped into the limelight in 2007 when a company he controlled, Grandtop International Holdings, paid $234 million for a 30 percent stake in the Birmingham City FC.

Yeung had been convicted on five counts in the laundering of a total of nearly $100 million in illegal dealings that included deposits from a Macau casino operator and transactions with a person whom the authorities have described as the leader of a triad, or Chinese gang. Read the original story...


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