tldrdailynews.com logo

Exiled Chinese entrepreneur Miles Guo handed 30-year prison term for $550m fraud

1 min read
Source: Financial Times
Exiled Chinese entrepreneur Miles Guo handed 30-year prison term for $550m fraud
Photo: Financial Times
TL;DR

Exiled Chinese entrepreneur Miles Guo was sentenced in New York to 30 years in prison and ordered to forfeit $889 million after prosecutors said he siphoned more than $550 million from online followers to fund a lavish lifestyle, while ties to Steve Bannon and the New Federal State of China underscored his controversial influence.

Topics:nationworld#fraud#miles-guo#new-federal-state-of-china#steve-bannon#white-collar-crime#world
Share this article
  1. Chinese exile Miles Guo given 30 years in prison for $550mn fraud  Financial Times
  2. Self-exiled Chinese billionaire gets 30 years in US prison for fraud conviction  Politico
  3. Guo Wengui: Chinese tycoon sentenced to 30 years in US jail  BBC
  4. Guo Wengui, China Critic and Tycoon, Sentenced to 30 Years for Fraud  WSJ
  5. Former Chinese Billionaire and Bannon Associate Is Sentenced for Fraud  The New York Times

Want the full story? Read the original reporting

Read on Financial Times