Rags...*

Huang Guangyu was born in poverty. He started out as a teenage clothing trader and his success story seemed emblematic of China's three-decade-old economic boom.

An appliance retailer who was once China's richest businessman convicted for insider trading and other crimes, the latest in a series of Chinese tycoons jailed for financial offenses.

A Beijing court also convicted Huang of bribing officials and unspecified "illegal operations," said a statement by prosecutors. Reported by state television on its national midday news, possibly as a warning to other businesspeople. 

He was detained in November 2008 and resigned as Gome's chairman the following year.  He was sentenced to 14 years in jail for insider trading.....

Huang  built Gome Electronics into China's biggest appliance retailer and was estimated in 2008 to be worth $6.3 billion. His abrupt fall reflected the uncertain status of entrepreneurs in China, where an economic boom has created dozens of billionaires but complaints of misconduct are widespread.

Just a thought.[AP]