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The idea for the heist had begun when one of the managers, Ren Xiaofeng, stole 200,000 yuan (c.US$26,000) in October 2006 with the complicity of two '', August 9 2007 Emboldened by his initial success, Ren joined forces with another manager, Ma Xiangjing, to perpetrate the same crime on a far larger scale. During March and April 2007, the two stole 32.96 million yuan, and spent almost the entire amount — 31.25 million — on lottery tickets. "Bank thieves sentenced to death for inside job" , Gu Jia, '''', August 10 2007 On April 16 , ABC Branch Manager s discovered the missing money and notified the police. With insufficient funds to cover the losses, Ren and Ma bought Fake ID s and cars with their meagre winnings, and fled. This prompted a massive manhunt, with the Public Security Ministry placing the two men on their "Most Wanted" list. Ma was arrested in Beijing on April 18 , and Ren was found a day later in Lianyungang , a coastal town in Jiangsu Province . Ren and Ma were charged with embezzlement, while Zhao and Zhang, the security guards, were charged with misappropriating public funds. A fifth man, Song Changhai, was also prosecuted for harbouring Ma while he was on the run. The three accomplices were all given sentences of up to five years in prison, while the two managers were sentenced to death. A Landlord , a Cab Driver , and a Car Saleswoman in Lianyungang shared a 200,000 yuan reward for assisting police arrest Ren, while in Handan five employees of the bank were fired. Only 5.5 million yuan was ever recovered by the police, with the remainder squandered by the perpetrators' gambling. REFERENCES |
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