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Yuan

Fraudster swaps high life for jail

Reading Time:2 minutes
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Enoch Yiu

Wen Ruifen spoke fluent English, dressed impeccably and showed a penchant for fine dining and wine. With such sophisticated traits and her intriguing background - albeit claimed - as the wife of a diplomat and the daughter of a People's Liberation Army general, she soon became a popular figure in the social circles of Hong Kong's elite.

This also perhaps explains why tycoons such as New World Development's Henry Cheng Kar-shun would fall into her scam involving 248 million yuan. She used the money thus obtained to live the high life, buying six homes in Beijing worth 17.65 million yuan and splashing out three million yuan on decorations.

But now, she has to pay a price. A Beijing court ruled yesterday that she has to spend the rest of her life in jail.

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Sources familiar with the tycoon circle told the South China Morning Post that Wen's trick was simple. Preying on the Asian preference for guanxi or connections, she created for herself a mysterious image as 'someone with a powerful background', a source said.

Such a 'background' added her name to invitation lists for golf, dinners and parties as businesspeople sought to strengthen their mainland ties.

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In 2000, Wen also presented herself as a victim, suing property speculator Chun Kam-chiu, formerly chairman of the Keen Lloyd Group, for failing to repay HK$702 million from the sale of her raw diamonds.

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