Exiled Chinese businessman Guo convicted at US fraud trial - News Summed Up

Exiled Chinese businessman Guo convicted at US fraud trial


REUTERSGuo Wengui, an exiled Chinese businessman and outspoken opponent of Beijing's communist government, was convicted on Tuesday in his US trial on charges of stealing hundreds of millions of dollars from online followers. Guo was convicted on nine of the 12 criminal counts he faced, including racketeering conspiracy and wire fraud, in a trial that lasted seven weeks. "Thousands of Guo's online followers were victimized so that Guo could live a life of excess," Damian Williams, the U.S. Attorney in Manhattan, said in a statement after the verdict. After Kamaraju spoke, prosecutor Juliana Murray told jurors that the defense lawyer was correct that Guo cared about the anti-CCP movement. Earlier in the trial, jurors were allowed to hold keys to the Lamborghini that authorities found in a garage on Guo's Connecticut estate.


Source: bd News24 July 17, 2024 09:48 UTC



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