Exiled Chinese billionaire Guo Wengui handed 30-year fraud sentence in US
TL;DR
A Manhattan federal judge sentenced self-exiled Chinese billionaire Guo Wengui to 30 years in prison after he was convicted on nine of twelve fraud charges for leading schemes that defrauded investors of more than $1 billion through his media ventures, including GTV Media Group. Prosecutors had urged a 30-year term, saying the fraud financed an extravagant lifestyle that harmed hundreds of victims, while Guo’s lawyers portrayed the case as a politically motivated attack by China against dissidents.”
- Self-exiled Chinese billionaire Guo Wengui gets 30 years in US prison for fraud conviction AP News
- Guo Wengui, China Critic and Tycoon, Sentenced to 30 Years for Fraud WSJ
- Chinese NYC scammer learns fate for ‘stunning’ $1.3B fraud — as hundreds of fans flock to court New York Post
- Self-exiled Chinese billionaire Guo Wengui, who fostered ties to American right, gets 30 years in U.S. prison for fraud 10TV
- Exiled Chinese Tycoon Guo Gets 30 Years in US Prison for Fraud Bloomberg.com
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