Guo Wenqi found guilty of fraud in the US, 78 billion yuan in 9 charges

Guo Wengui, a wealthy Chinese businessman who has been in exile in the US for nearly 10 years, is suspected of defrauding thousands of investors totaling more than 1 billion US dollars (about 7.8 billion Hong Kong dollars). Recently, he was tried in federal court in Manhattan, New York. The court announced the day before yesterday (16th) that Guo Wengui was found guilty of 9 counts, including conspiracy to defraud, extortion, and money launderin…