Guo Wengui, a Chinese businessman in exile, on Thursday (May 4th), the judge ordered Guo Wengui to appeal to the fraud case and filed an appeal.
According to Reuters, Guo Wengui was arrested in the United States in March in the face of 11 allegations including securities fraud and electricity fraud.He did not plead guilty of these charges.
The US prosecutor said that Guo Wengui promised to the followers that he would get an excess investment return, but he used most of the money of the followers to buy luxury goods for himself and a family.
The local judge rejected Guo Wengui's $ 25 million ($ 33.12 million) bail application last month.
