He Xuemei, the former chairman of ZTE s labor union, has been sentenced to 20 years in prison.
Guangdong Higher People s Court upheld a ruling by a lower court that He should get a custodial sentence. She was previously found guilty of illegally fundraising $385 million, as well as misappropriation and embezzlement, over a two-year period between 2015 and 2017.
According to various press reports, including China s TMT Post, He, under the guise of providing financial management services, apparently tricked via social media as many as 9,000 people including some high-level ZTE officials into purchasing high-risk trust wealth management products.
Enemy within: He Xuemei was also the founding vice president at ZTE, with a high-profile social media presence.
Man with Down s syndrome was kidnapped and murdered in a gruesome body swap scheme in China dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
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image captionTraditional burials are banned in parts of China
A Chinese man with Down s syndrome was kidnapped and killed as part of an elaborate body swap scheme.
There is a ban on burials in many parts of China - to get around this, one family hired someone to provide them with a substitute body, which was cremated in its place.
But unbeknown to them, the body provided was that of a murdered victim.
The murder took place in 2017 but only gained prominence last week after an article on the incident emerged online.
The hired man - identified only by his surname Huang - has been handed a suspended death sentence, according to the Guangdong Higher People s Court.
Chinese man kidnapped and killed in elaborate body swap scheme bbc.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbc.co.uk Daily Mail and Mail on Sunday newspapers.
The convicted murderer was paid $13,700 to find a substitute corpse for a wealthy family whose dead relative did not wish to be cremated, court reports said.