Hong Kong hairdresser-turned-businessman and Birmingham City owner Carson Yeung Ka-sing was sentenced to six years in jail on Friday afternoon, after being found guilty of money laundering earlier in the week. Yeung’s story has been front page news in Hong Kong, with his colorful career encompassing everything from cutting Jackie Chan’s hair to meeting with Jia Qinglin – number 4 in Hu Jintao’s cabinet – and washing money for notorious triad bosses.
Hong Kong businessman Carson Yeung Ka-sing, the Birmingham City owner, has been a very naughty boy. Here’s the summary:
Between 2001 and 2007 Yeung and his father reported no income but HK$721 million (US$ 93 million) somehow found its way into their five bank accounts. Yeung said he made some money working as a hairdresser to HK’s rich and famous, and then invested and gambled his way to riches (while keeping little or no documentation of any transactions). After a 53-day trial, the judge concluded Yeung was a liar and a money launderer, mixed up with triad bosses and other lovely people.
Continue reading Crops and Bobbers: Birmingham City and the Hong Kong hairdresser