Saturday, 4 July, 2026
Luxury Illusion: Exile Billionaire Guo Wengui Jailed for 30 Years Over $1B Fraud
By TechShots Studio
Exiled Chinese billionaire Guo Wengui was sentenced to 30 years in a US prison for orchestrating a massive $1 billion cryptocurrency and investment fraud. A New York federal court found him guilty of preying on his anti-Chinese Communist Party followers to fund an ultra-luxurious lifestyle, which included a $37 million yacht and a Lamborghini. He must forfeit $889 million.
Read full story at TIMES OF INDIA