Exiled Chinese billionaire Guo Wengui sentenced to 30 years in U.S. prison for fraud
TL;DR
Self-exiled Chinese billionaire Guo Wengui was sentenced in Manhattan to 30 years in prison after being convicted on nine of 12 counts for a multibillion-dollar fraud that duped investors across the world. Prosecutors said the scheme funded a lavish lifestyle, with victims losing hundreds of millions and Guo ordered to forfeit $889 million in restitution; Guo had associations with Steve Bannon and had attacked the Chinese government, arguing his actions against the CCP.
- Self-exiled Chinese billionaire gets 30 years in US prison for fraud conviction Politico
- Self-exiled Chinese billionaire Guo Wengui gets 30 years in US prison for fraud conviction AP News
- Former Chinese Billionaire and Bannon Associate Is Sentenced for Fraud The New York Times
- 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
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