But he soon began to try his hand at other games, and for higher stakes, financing his increasingly frequent trips to glitzy casinos by dipping into the municipal budget and several real estate firms under his control.
"It was easy for me to borrow or divert money from those places," the 43- year-old Li said at his trial, according to a state-run newspaper, China Daily. Eventually he lost $12 million and was sentenced to 20 years in prison.
Read the entire article here: http://www.nytimes.com/2009/01/15/world/asia/15iht-15macao.19375878.html
