57-year-old Chinese businessman Guo Wengui, a critic of China's Communist Party, goes on trial in New York for alleged $1bn multi-million dollar fraud in four investment schemes.
A wealthy Chinese businessman and critic of China's Communist Party, Guo Wengui, went on trial in New York for alleged multi-million dollar fraud. Prosecutors claim Guo operated four fraudulent investment schemes that defrauded hundreds of thousands of people worldwide of over $1 billion. Guo, 57, pleaded not guilty and faces 12 criminal charges. The trial is expected to last seven weeks.
May 22, 2024
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