[ad_1]
Guo Wengui, the businessman and Chinese language Communist occasion critic who fled to New York and allied himself with outstanding China hawks, together with Donald Trump and Steve Bannon, has been convicted for conducting a $1bn fraud on his on-line followers.
In a unanimous verdict on Tuesday, Guo was discovered responsible of racketeering, fraud and cash laundering fees by a Manhattan jury. He was acquitted on three different fees.
Damian Williams, US lawyer, stated Guo, as soon as a social media persona, fleeced his “loyal followers out of their hard-earned cash in order that [he] might spend his days in his 50,000 sq. foot mansion, driving his $1mn Lamborghini, or lounging on his $37mn yacht”.
Learn extra right here
[ad_2]
2024-07-16 22:45:50
Source :https://www.ft.com/content material/ffc2a0c2-eee4-4092-8084-f3f10e5e05a8
Discussion about this post