Self-exiled Chinese billionaire Guo Wengui convicted of defrauding followers after fleeing to US
- Guo Wengui, a self-exiled Chinese business tycoon critical of the Communist Party, was convicted in the US of fraud to live luxuriously, exploiting devoted followers.
- Interrelated schemes by Guo to defraud followers resulted in $1 billion invested and a life of excess in a mansion, Lamborghini, and yacht.
- Guo was found guilty of spouting lies to deceive followers for financial gain.
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