Chinese Billionaire Guo Wengui Sentenced to 30 Years for Billion-Dollar Fraud

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A federal court in New York has sentenced Chinese tycoon Guo Wengui to 30 years in prison for a billion-dollar fraud scheme. Guo, who also goes by Miles Guo and Ho Wan Kwok, was convicted of defrauding thousands of his supporters in July 2024. Once known as one of the richest men in China, Guo gained a following in the U.S. for criticizing Beijing. Guo is “not a democratic activist, he is a con artist, a scammer and a thief,” prosecutor Ryan Finkel said on Monday. Judge Analisa Torres said that

Chinese billionaire sentenced to 30 years in U.S. jail for fraud https://www.nbcnews.com - 30.06.2026 11:33

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Chinese billionaire sentenced to 30 years in U.S. jail for fraud https://www.nbcnews.com - 30.06.2026 11:33