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Jia Yueting: lifetime stock market ban for fugitive entrepreneur

China’s securities regulator CSRC has imposed a lifetime stock market trading ban on businessman and LeEco founder Jia Yueting following allegations of fraud. The CSRC had already imposed fines of ¥240 million (US$36.7 million) each on Jia and video streaming site Leshi a day earlier. Leshi allegedly falsified profits for ten years and failed to truthfully report facts in its IPO brochure on the Shenzhen Technology Exchange in 2010.

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