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Chinese Billionaire Convicted of Racketeering and Wire Fraud in US

Chinese Billionaire Convicted of Racketeering and Wire Fraud in US

by Bitcoin.com July 20, 2024 1 min read

(Originally posted on : Bitcoin News )

Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S. Attorney Damian Williams stated that Guo faces decades in prison. His fraudulent activities funded a […]

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