(Comprehensive News in New York) Guo Wengui, a Chinese businessman in exile, deceived more than $ 1 billion in investors. It was sentenced to fraud on Tuesday (July 16) in New York or will face up to 20 years of imprisonment.
Comprehensive Reuters and Bloomberg reported that the court ruled that Guo Wengui's nine were established on Tuesday, including conspiracy extortion, securities fraud, and money laundering.He will be sentenced on November 19.
Damian Williams, the Supreme Federal Prosecutor of Manhattan, said that Guo Wengui guarantees fans through social media that if they join a series of investment and cryptocurrency plans, they will not lose money.This move Guo Wengui at It raised more than 1 billion yuan from 2018 to 2023 (USD, the same as the same, 1.35 billion new newYuan).He also told fans that some of these funds will be used to challenge the Chinese government.
Prosecutors pointed out that Guo Wengui implemented several interconnected fraud plans to deceive the hard -earned money of loyal followers. He spent these money on luxury goods, including a luxury mansion located in 50,000 square feet in New Jersey, with a value of 1 millionRed Lamborghini and 37 million yachts.
Lawyer Guo Wengui argued that Guo Wengui showed off his wealth as part of his criticism of the Chinese government and believed that the jurors should not conclude like a prosecutor.The lawyer also said, "Guo Wengui doesn't care about money", "he cares about this movement."
Reported that Guo Wengui smiled at his lawyer while the jury came out of the court, hugged one of the lawyers and shook hands with other members of the lawyer team.
Guo Wengui was arrested in the United States last March and has been held in Brooklyn, New York.
Guo Wengui left China in 2014; during the United States, he attracted a large number of supporters by criticizing the Chinese government and leaders online, but the outside world could not verify whether what he revealed was true.
