Monday, June 29, 2026

Chinese billionaire Guo Wengui gets 30 years in U.S. prison for fraud conviction

In this courtroom sketch, Guo Wengui, Chinese business tycoon, makes his sentencing statement at Manhattan federal court in New York, Monday, June 29, 2026.

Guo said he came to the U.S. to destroy the Chinese Communist Party. But the judge said he instead diverted investor money to live lavishly.

(Image credit: Elizabeth Williams)

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