-
Advertisement

Thieving broker jailed for 2 years

Reading Time:1 minute
Why you can trust SCMP
SCMP Reporter

AN investment broker who stole clients' shares and sold them for almost $1 million to finance her own market dealings was jailed for two years yesterday.

Tsui Yin-yuk, 46, admitted selling tens of thousands of shares belonging to customers in the names of her brother and niece.

Neil Mitchell, defending, said Tsui resorted to theft after her own dabbling on the stock exchange left her $220,000 in debt.

Advertisement

She then stole $946,000, losing the remaining $730,000 through bad investments, Mr Mitchell told the District Court.

But Judge Gould commented: ''To lose $730,000 she must have been an extremely bad investor and have invested millions.'' He jailed her for two years after she pleaded guilty to nine charges of theft between February and October 1992.

Advertisement

Prosecutor Jenny Fung said Tsui worked as a broker for Union Bank Securities Ltd in Central.

Advertisement
Select Voice
Select Speed
1.00x