Thai fraudster jailed

BANGKOK, Dec 30 : A Thai court has sentenced a fraudster to more than 13,000 years in prison. Pudit Kittithradilok, 34, admitted running a Ponzi scheme whereby he promised investors artificially high financial returns.
About 40,000 people were persuaded to pour more than $160m (£120m) into his companies. The court found he engaged in illicit lending and some 2,653 counts of fraud. Thanks to his confession, it halved his sentence to 6,637 years and six months.    -BBC