Jail for fraudster who claimed ‘everyone in China carries out business this way’

A fraudster who fleeced his employers out of more than £900,000 and claimed ‘every one in China carries out business this way’ was jailed for two and a half years. Haoxuan Yu, 40, exploited his status as the only Chinese-speaking employee at creative design company Inkorporate Ltd while ordering materials at inflated prices so he could pocket the rest. Yu’s scam cost his employers £906,400 while his personal benefit was nearly £370,000, Southwark Crown Court heard. Yu denied but was…