Chinese tycoon Guo Wengui sentenced to 30 years in US prison for fraud

The Guardian — World
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Chinese tycoon Guo Wengui sentenced to 30 years in US prison for fraud
Read the full story at The Guardian — WorldOriginal

Guo Wengui, who gained fans for criticising China’s Communist party, was found guilty in 2024 on nine charges including money laundering

A US federal court has sentenced exiled Chinese tycoon Guo Wengui to 30 years in prison, after he was convicted of defrauding thousands of people out of more than $1bn.

In July 2024, a jury unanimously found Guo, also known as Ho Wan Kwok and Miles Guo, guilty on nine of 12 charges, including securities offences, wire fraud and money laundering. The FBI arrested Guo, who is in his fifties, in March 2023 at his luxury Manhattan apartment overlooking Central Park.

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