Exiled Chinese Billionaire Guo Wengui Convicted in Billion-Dollar Fraud
TL;DR Summary
Exiled Chinese businessman Miles Guo has been convicted of racketeering conspiracy, securities fraud, wire fraud, and money laundering, after defrauding thousands of his followers. He faces decades in prison, and hundreds of millions of dollars in fraud proceeds have been seized.
- Southern District of New York | Statement Of U.S. Attorney Damian Williams On The Conviction Of Miles Guo Department of Justice
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- China Tycoon Who Angered Beijing Found Guilty of Fraud in New York The Wall Street Journal
- Exiled Chinese tycoon Guo Wengui convicted in billion-dollar fraud scheme USA TODAY
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