Guo Wengui: Chinese tycoon sentenced to 30 years in US jail
North AmericaBusinessHigh confidence — 97/100
Guo Wengui, who was once believed to be one of China's richest businessmen, has been sentenced to 30 years in jail in the US for running a billion dollar scam.
The former property tycoon fled China to the US in 2017, where he reinvented himself as a Communist Party critic and built a loyal online following.
But Guo was later convicted on charges of racketeering, fraud and money laundering.
Confirmed
Guo Wengui, who was once believed to be one of China's richest businessmen, has been sentenced to 30 years in jail in the US for running a billion dollar scam.
The former property tycoon fled China to the US in 2017, where he reinvented himself as a Communist Party critic and built a loyal online following.
But Guo was later convicted on charges of racketeering, fraud and money laundering.