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Birmingham City owner sentenced to prison

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 whole story at New York Times »

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