Self-exiled Chinese billionaire gets 30 years in US prison for fraud conviction

A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced yesterday (Macau time) to 30 years in a U.S. prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars. Guo Wengui, who fled China a decade ago and reinvented himself as a U.S.-based Communist Party critic, was sentenced in a Manhattan courtroom packed with his supporters by Judge Analisa Torres. She said he “preyed on those seeking to bring Democracy to China,” taking their money so he could live lavishly. Before he was [...] The post Self-exiled Chinese billionaire gets 30 years in US prison for fraud conviction appeared first on MACAU DAILY TIMES 澳門每日時報 .
2026-07-01 00:18:18