A self-exiled Chinese businessman awaiting trial in a $1 billion fraud case will remain behind bars after an appeals court on Wednesday rejected his request to override a lower court's finding that he might flee or harm the community if he were to be freed.
The 2nd U.S. Circuit Court of Appeals in Manhattan said in a two-page order that Guo Wengui's lawyers had failed to convince a three-judge panel that Judge Analisa Torres made a clear error in refusing to accept a $25 million bail package proposal in April.
