A U.S. federal court has sentenced , a Chinese billionaire and self-exiled businessman, to 30 years in prison after he was convicted of orchestrating a multi-billion-dollar fraud scheme that deceived thousands of investors.
Prosecutors said Guo used his public profile and online influence to persuade supporters to invest in fraudulent business ventures and luxury projects, while diverting large sums of money for personal use.
The scheme allegedly generated hundreds of millions of dollars, with authorities accusing Guo of spending investor funds on luxury homes, yachts, expensive cars, and other lavish personal expenses.
The sentence follows his conviction on multiple fraud-related charges after a lengthy trial in the United States. Authorities said the ruling reflects the seriousness of the financial crimes and the significant losses suffered by victims.
The case is regarded as one of the most high-profile financial fraud prosecutions involving a Chinese businessman in the United States.
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