Self-exiled Chinese business tycoon Guo Wengui convicted by US jury for massive multiyear fraud.
Self-exiled Chinese business tycoon Guo Wengui was convicted by a US jury of a massive multiyear fraud that defrauded thousands of his followers. Guo, known for criticizing the Communist Party, was arrested in New York in March 2023. After a seven-week trial, he was convicted on nine of 12 criminal charges, including racketeering conspiracy. Guo's lawyers claimed prosecutors failed to prove fraud.
July 21, 2024
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