US EditionNew York woman who duped investors and funneled money to Trump fundraiser gets 9 years in prison
Sherry Xue Li defrauded investors with false green card promises and illegally contributed $600,000 to U.S. political campaigns, prosecutors said.
- On Friday, Sherry Xue Li was sentenced to nine years in federal prison for a scheme that stole over $30 million from foreign investors and funneled funds into U.S. political campaigns, including a Trump fundraiser.
- Li and Wang convinced investors with promises of lawful permanent resident status, persuading many from China to invest $500,000 each in a fictitious development while diverting funds for personal use and selling political access.
- Investigators say they charged $93,000 per investor for a 2017 Trump fundraiser and used those fees to make $600,000 in illegal donations, with Li using a photo with President Trump to solicit investments.
- She was ordered to forfeit $31.5 million, surrender property at three locations, and make restitution, while Lianbo Wang pleaded guilty and received a five-year sentence.
- Detained since her July 18, 2022 arrest, Sherry Xue Li pleaded guilty last year, and Friday's sentencing concludes a multi-year investigation that began with the 2022 complaint.
15 Articles
15 Articles
Associated Press News
New York woman who duped investors and funneled money to Trump fundraiser gets 9 years in prison
A New York businesswoman has been sentenced to nine years in federal prison over a financial scheme that prosecutors say ripped off more than $30 million from foreign investors and funneled some of the stolen funds to U.S. political campaigns, including a campaign fundraiser for President Donald Tru
Woman who duped investors, funneled money to Trump fundraiser gets 9 years in prison
CENTRAL ISLIP, N.Y. — A New York businesswoman was sentenced Friday to nine years in federal prison over a financial scheme that ripped off more than $30 million from foreign investors and funneled some of the stolen money into U.S. political campaigns, including a fundraiser for President Donald Trump. Sherry Xue Li was also ordered to forfeit $31.5 million, as well as property at three locations, and to make restitution to her victims. The 54-…
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