Former KMT legislator Wu Guangxun.

(file photo)

[Reporter Bao Jianxin/Kaohsiung Report] Wu Guangxun, a former Kuomintang legislator, was suspected of speculating in stocks. He was prosecuted by the Kaohsiung District Prosecutor's Office for violating the Securities and Exchange Act. He was sentenced to 4 years in prison by the District Court. More 2 trial sentences of 2 years and 6 months, can still be appealed.

It is understood that Wu Guangxun began to buy Jiechao’s shares in April and May 2008, ranging from 11 yuan to 13 yuan per share. Later, the stock price gradually fell. In September of the same year, the stock price was only 6 yuan. "Head off".

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Wu Guangxun was not willing to admit the loss, and from October 1st to December 31st of the same year, he instructed uninformed salesmen to continuously buy or sell the shares of Jiechao Company at high prices or low prices, and to conduct continuous entrusted transactions to make relative transactions, creating stock The appearance of active trading, suspected of violating the Securities Trading Law, was prosecuted by the Kaohsiung District Prosecutor's Office.

Wu Guangxun was sentenced to 4 years in prison by the Kaohsiung District Court. He refused to accept the appeal, and the Kaohsiung Higher Branch Court commuted his sentence to 3 years and 6 months. After the Supreme Court sent it back for the first time, the conviction of the first trial was insufficient and the sentence was changed to not guilty. The prosecution refused to accept the appeal. He was remanded by the Supreme Court again, and the Kaohsiung Higher Branch Court sentenced him to 2 years and 6 months in prison for the second trial, which has not yet been determined.