30 jun 2026
Chinese billionaire Guo Wengui gets 30 years in U.S. prison for fraud conviction
Guo said he came to the U.S. to destroy the Chinese Communist Party. But the judge said he instead diverted investor money to live lavishly. (Image credit: Elizabeth Williams)
across the coverage
A federal judge said Guo's fraud cost more than 1,000 people worldwide hundreds of millions of dollars.
al jazeeraGuo Wengui, who gained fans for criticising China’s Communist party, was found guilty in 2024 on nine charges including money laundering A US federal court has sentenced exiled Chinese tycoon Guo Wengui to 30 years in prison, after he was convicted of defrauding thousands of people out of more than $1bn. In July 2024 , a jury unanimously found Guo, also known as Ho Wan Kwok and Miles Guo, guilty on nine of 12 charges, including securities offences, wire fraud and money laundering.
the guardianGuo Wengui branded himself as a China critic, gaining followers who backed his fraudulent schemes.
bbc news
coverage · 4 outlets
- 02:08bbc news
Chinese tycoon sentenced to 30 years in US jail
- 04:22the guardian
Chinese tycoon Guo Wengui sentenced to 30 years in US prison for fraud
- 05:07al jazeera
Chinese billionaire Guo Wengui gets 30 years in US prison for huge fraud
sitrep links out to every source. metadata only, no article text is stored here.