Ex-fintech executive who stole HK$19.2 million jailed for 6½ years in Hong Kong

A former senior executive of a Hong Kong fintech company has been jailed for 6½ years for stealing HK$19.2 million (US$2.45 million) from his employer and laundering part of the money to support his gambling addiction and lavish lifestyle. The High Court on Wednesday handed down the sentence to Shum Lok-man after the 38-year-old divorcee pleaded guilty to three counts of theft and two of money laundering, admitting he gambled away 99 per cent of the proceeds. The court heard Shum had substantial...