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Self-exiled Chinese businessman's chief of staff gets 10 years in prison in $1B fraud

Summary by KOB 4
NEW YORK (AP) — The chief of staff for a Chinese businessman sought by the government of China was sentenced Monday to 10 years in prison for her role in the $1 billion fraud case. Yvette Wang, 45, was sentenced in Manhattan federal court less than two years after her arrest in March 2023, when FBI agents found $130,000 of cash in a safe in her Manhattan apartment. Judge Analisa Torres said Wang was an “integral part of the conspiracy” carried o…

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USA TodayUSA Today

Henchwoman of exiled Chinese business tycoon sentenced for role in $1B fraud scheme

Yvette Wang, a Chinese national, was sentenced to 10 years in prison for her role in managing a $1 billion fraud scheme.

·United States
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Associated Press NewsAssociated Press News
+2 Reposted by 2 other sources

Self-exiled Chinese businessman's chief of staff gets 10 years in prison in $1B fraud

The chief of staff for a Chinese businessman sought by the government of China has been sentenced to 10 years in prison for her role in the $1 billion fraud

·United States
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Bitcoin InsiderBitcoin Insider

Chinese tycoon’s $1B fraud: why was his chief of staff sentenced to 10 years?

Yvette Wang, the former chief of staff to embattled Chinese businessman Guo Wengui, was sentenced to 10 years in prison by a Manhattan federal court. Her sentencing is tied to her involvement in a sprawling $1 billion fraud scheme that deceived hundreds of thousands globally. The case, which unfolded over five years, highlights how sophisticated […]

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Associated Press News broke the news in United States on Monday, January 6, 2025.
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