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International Business Times UK
International Business Times UK
World
Tanmay Puri

Billionaire Sentenced To 30 Years in the US After Using Pro-Democracy Cause To Fuel $1 Billion Fraud Scheme

Guo Wengui United States Democracy China Prison Analisa Torres the Chinese Communist Party
Self-Exiled Billionaire Gets 30 Years in the US After Prosecutors Expose $1 Billion Fraud Scheme (Credit: 美国之音东方拍摄, Public domain, via Wikimedia Commons)

A self-exiled Chinese billionaire once regarded as one of the country's wealthiest businessmen has been sentenced to 30 years in a US prison after being found guilty of running a fraud scheme worth more than £735 million ($1 billion).

Guo Wengui, who built a public profile as a critic of the Chinese Communist Party after leaving China, was sentenced in a Manhattan courtroom where many of his supporters gathered to watch the proceedings.

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