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1. edition.cnn.com › 2024/07/16 › politicsExiled Chinese billionaire Guo Wengui found guilty on federal ...

   edition.cnn.com › 2024/07/16 › politics

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   Jul 16, 2024 · Guo Wengui, the exiled Chinese billionaire, was convicted in a US federal court on Tuesday for defrauding thousands of his followers of more than $1 billion.

2. apnews.com › article › guo-wengui-chineseChinese billionaire Guo Wengui convicted of defrauding ...

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   Jul 16, 2024 · Over a seven-week trial, he was accused of deceiving thousands of people who put money into bogus investments and using the money to preserve a luxurious lifestyle. He was convicted of nine of 12 criminal counts, including racketeering conspiracy.

3. www.abc.net.au › news › 2024/07/17'Life of excess': Guo Wengui had a yacht, mansion and ...

   www.abc.net.au › news › 2024/07/17

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   Jul 17, 2024 · Guo Wengui, a self-exiled Chinese business tycoon and outspoken opponent of Beijing's communist government, has been found guilty of defrauding customers in a more than $US1 billion ($1.5 billion) scheme, prosecutors say.

4. www.ctvnews.ca › world › self-exiled-chineseGuo Wengui convicted of defrauding followers after fleeing to ...

   www.ctvnews.ca › world › self-exiled-chinese

   Jul 16, 2024 · Over a seven-week trial, he was accused of deceiving thousands of people who put money into bogus investments and using the money to preserve a luxurious lifestyle.

5. www.bbc.com › news › articlesGuo Wengui: Chinese businessman found guilty in US over ... - BBC

   www.bbc.com › news › articles

   Self-exiled Chinese businessman Guo Wengui has been convicted by a US court of defrauding his online followers in a billion-dollar scam. He was found guilty on nine of the 12 criminal counts he...

6. www.yahoo.com › news › exiled-chinese-businessmanExiled Chinese businessman Guo convicted of fraud - Yahoo

   www.yahoo.com › news › exiled-chinese-businessman

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   Jul 17, 2024 · STORY: Guo Wengui, an exiled Chinese businessman and vocal critic of Beijing, has been convicted in the U.S. of stealing hundreds of millions of dollars from online followers. Jailed since March...

7. People also ask

   What did Guo spend his money on?

   • Prosecutors say Guo instead spent the money on luxury goods, including a New Jersey mansion, a red Lamborghini and a yacht. His defense tried to portray Guo, a former real estate mogul, as an ardent dissident who flaunted his wealth as part of his critique of the Chinese Communist Party.

   Exiled Chinese businessman Guo convicted of fraud

   www.yahoo.com/news/exiled-chinese-businessman-guo-convicted-034428551.html

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   Did Guo cheat?

   • Over a seven-week trial, he was accused of deceiving thousands of people who put money into bogus investments and using the money to preserve a luxurious lifestyle. He was convicted of nine of 12 criminal counts, including racketeering conspiracy. Guo’s lawyers said prosecutors hadn’t proven he’d cheated anyone.

   Chinese billionaire Guo Wengui convicted of defrauding followers - AP …

   apnews.com/article/guo-wengui-chinese-businessman-fraud-9b8329c7ab8012f2dfa7c48c55fc5620

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   How did Guo raise $1 billion?

   • Finkel said in the closing arguments last week that Guo raised more than $1 billion by guaranteeing his online followers that they would not lose money if they invested in his business and cryptocurrency schemes from 2018 to 2023.

   Guo Wengui: Exiled Chinese billionaire found guilty on federal fraud

   edition.cnn.com/2024/07/16/politics/guo-wengui-found-guilty/index.html

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   Did Guo invest $1 billion in a company he controlled?

   • Prosecutors say hundreds of thousands of people were convinced to invest more than $1 billion in entities Guo controlled. Among those businesses and organizations was Guo’s media company, GTV Media Group Inc., and his so-called Himalaya Farm Alliance and the Himalaya Exchange.

   Chinese billionaire Guo Wengui convicted of defrauding followers - AP …

   apnews.com/article/guo-wengui-chinese-businessman-fraud-9b8329c7ab8012f2dfa7c48c55fc5620

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   How much money did Guo spend on a lavish lifestyle?

   • Then, he said, Guo spent millions from investors on a lavish lifestyle for himself and his family that included a $1.1 million tortoise-shell jewelry box and some candlesticks, a million dollar chandelier, $36,000 mattresses, a $40,000 coffee table and a $250,000 antique rug, items kept at a family home in Mahwah, New Jersey.

   Guo Wengui convicted of defrauding followers after fleeing to U.S

   www.ctvnews.ca/world/self-exiled-chinese-billionaire-guo-wengui-convicted-of-defrauding-followers-after-fleeing-to-u-s-1.6966103

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   Who is Guo Wengui?

   • Link Copied! Billionaire businessman Guo Wengui pauses during an interview in New York City on April 30, 2017. Guo Wengui, the exiled Chinese billionaire, was convicted in a US federal court on Tuesday for defrauding thousands of his followers of more than $1 billion.

   Guo Wengui: Exiled Chinese billionaire found guilty on federal fraud

   edition.cnn.com/2024/07/16/politics/guo-wengui-found-guilty/index.html

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8. www.bbc.co.uk › news › articlesChina tycoon Guo convicted in US over $1bn scam - BBC

   www.bbc.co.uk › news › articles

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   Jul 17, 2024 · 17 July 2024. Self-exiled Chinese businessman Guo Wengui has been convicted by a US court of defrauding his online followers in a billion-dollar scam. He was found guilty on nine of the 12...