A US court handed Guo Wengui a 30-year prison term on Tuesday. A jury stated he fooled investors out of millions. They claimed his businesses never existed.
He used the money for grand lifestyles and political work instead. A judge in Manhattan confirmed that sentence. Guo stays locked up as he appeals. authorities say this sends one message to crooks abroad.
Chinese tycoon Guo Wengui sentenced to 30 years in US prison for fraud The Guardian
Chinese billionaire Guo Wengui gets 30 years in US prison for huge fraud Al Jazeera
Self-exiled Chinese tycoon Guo Wengui sentenced to 30 years in US prison The News International
US: Chinese billionaire sentenced to 30 years in prison DW.com
Self-exiled Chinese billionaire Guo Wengui gets 30 years in U.S. prison for fraud TelegraphHerald.com