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Chinese Billionaire Sentenced to Prison for Fraud

Updated 2026-06-30 05:25 UTC 1 source Negative

Guo Wengui, a Chinese billionaire, was sentenced to 30 years in US prison for a massive fraud scheme. The judge stated the fraud affected over 1,000 people worldwide and cost them hundreds of millions of dollars.

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Al Jazeera

Chinese billionaire Guo Wengui gets 30 years in US prison for huge fraud

A federal judge said Guo's fraud cost more than 1,000 people worldwide hundreds of millions of dollars.

2026-06-30 05:07 UTC