Exiled Chinese Tycoon Guo Wengui Sentenced to 30 Years in U.S. Fraud Case
A US federal court sentenced exiled Chinese tycoon Guo Wengui to 30 years in prison after he was found guilty on nine of 12 counts for defrauding thousands of investors of more than $1 billion, with an $889 million forfeiture. The case centers on Guo’s use of a dissident persona to lure funds for his lavish lifestyle, despite his insistence that the money funded political aims.