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World · 30 June 2026

Chinese tycoon Guo Wengui gets 30 years for fraud

Chinese tycoon Guo Wengui gets 30 years for fraud

美国之音东方拍摄 via Wikimedia Commons (CC-PD-Mark)

After swindling over a billion dollars from countless individuals, Chinese magnate Guo Wengui, who is in exile, received a 30-year sentence in a United States prison on Monday. He was convicted by a jury on counts such as electronic fraud and illicit financial transactions, and the judge commented that he exploited individuals who aspired to a democratic China. Guo, who denied the allegations, must also forfeit $889 million.

Reported by Guardian · How we write briefs

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