Reported 3 months ago
Fugitive Chinese businessman Guo Wengui, known for his criticisms of the Chinese Communist Party, has been found guilty by a New York federal court of orchestrating a fraud scheme exceeding $1 billion. After a seven-week trial, a jury convicted him on nine counts, revealing his exploitation of followers through promises of safe investments in cryptocurrency and media ventures. He faces potentially over ten years in prison, and his ability to return to China seems extremely unlikely, likely ending his influence in both Chinese and American political and business circles.
Source: YAHOO