A federal judge said Guo’s fraud cost more than 1,000 people worldwide hundreds of millions of dollars.
Published On 30 Jun 2026
A self-exiled billionaire Chinese business tycoon has been sentenced to 30 years in a United States prison for financial fraud that a federal judge said cost more than 1,000 people worldwide hundreds of millions of dollars.
Guo Wengui, who fled China a decade ago and reinvented himself in the US as a critic of the Chinese Communist Party (CCP), was sentenced on Monday in a Manhattan court by Judge Analisa Torres.
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Guo, once believed to be among China’s wealthiest men, was also ordered to forfeit $889m in restitution.
A jury unanimously found Guo guilty of fraud, various securities offences, wire fraud and money laundering in 2024.
The FBI arrested him the year before in his luxury Manhattan…
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