Chinese Tycoon Guo Wengui Sentenced to 30 Years in US Prison for Fraud
Chinese businessman Guo Wengui, also known as Miles Guo, was sentenced to 30 years in a US prison after being convicted of racketeering, fraud, and money laundering involving over $1 billion. Guo, who fled China in 2014-2017 and became a vocal critic of the Communist Party, raised funds from online followers through investment and cryptocurrency schemes. US District Judge Analisa Torres cited his exploitation of supporters seeking democracy and misuse of funds for a lavish lifestyle. Guo maintains his innocence and has supporters present at sentencing.