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Fortune
Fortune
Business
Catherina Gioino

Woman pleads guilty in $1.2 billion plot targeting Wes Edens, co-owner of the Milwaukee Bucks and Aston Villa, and co-founder of Fortress Investment

(Credit: Chris Brunskill/Fantasista/Getty Images)

A woman who prosecutors say used LinkedIn to find wealthy men pleaded guilty Tuesday in Manhattan federal court to fraud tied to a plot to extort more than $1.2 billion from three victims, one of whom is reportedly Fortress Investment Group co-founder Wes Edens.

“I deeply regret engaging in this conduct, and I knew that my conduct was wrong, and I accept responsibility for it,” Changli “Sophia” Luo told U.S. District Judge Margaret Garnett, according to a court transcript viewed by Bloomberg. She faces up to 20 years in prison at sentencing in February. A trial had originally been set to start on Nov. 16 prior to the guilty plea.

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