Exiled Chinese tycoon Guo Wengui convicted in billion-dollar fraud scheme Prosecutors said Guo Wengui and his business partner solicited more than $1 billion of investments in various entities and ...

A federal jury found that Guo Wengui defrauded investors, many his own fervent supporters, of hundreds of millions of dollars. He could face decades in prison.

Guo Wengui, a once-famous Chinese billionaire now exiled in the U.S. was found guilty by a federal jury of orchestrating a vast fraud operation that duped his internet followers of hundreds of ...

Following a seven-week trial, Guo was convicted Tuesday of nine of 12 criminal counts he faced, including racketeering conspiracy and wire fraud. Start the day smarter.

Victims invested in loans meant for wealthy wine collectors - except that neither the collectors nor their wine existed. Read ...

Guo Wengui, the exiled Chinese billionaire, was convicted in a federal court on Tuesday for defrauding thousands of his followers of more than $1 billion.

Guo Wengui, an outspoken critic of China’s government and erstwhile business associate of former White House adviser Steve Bannon, was convicted on Tuesday in US federal court on charges of ...

NEW YORK (Reuters) -Guo Wengui, an exiled Chinese businessman and outspoken opponent of Beijing's communist government, was convicted on Tuesday in his U.S. trial on charges of stealing hundreds ...