Reported 5 months ago
Exiled Chinese businessman Guo Wengui is set to stand trial in the U.S. for charges of defrauding investors and supporters out of over $1 billion. The trial, taking place in Manhattan, is expected to last into July and involves accusations of securities fraud, wire fraud, and conspiracy. Guo, a vocal critic of China's Communist Party, has pleaded not guilty and could face significant prison time if convicted. The case, which involves sensitive information, highlights Guo's alleged fraudulent schemes and lavish lifestyle funded by stolen money.
Source: YAHOO