Chinese tycoon sentenced to 30 years in US jail

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.

New York court judge Analisa Torres said Guo had “preyed on those seeking to bring democracy to China”, taking their money to fund his lavish lifestyle.

By BBC

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