Patrick Moynihan Court House in Manhatten's Southern District. Photo: Ryland West Manhattan Jury Convicts Chinese Businessman of Running $1B Crypto Fraud Scheme
Jurors acquitted Guo of charges on wire fraud and securities fraud, as well as unlawful monetary transactions.
July 16, 2024 at 09:07 PM
3 minute read
White Collar Crime
The original version of this story was published on New York Law Journal
Guo Wengui, a self-exiled Chinese businessman also known as "Miles Guo," could face decades in prison following his guilty plea on charges related to a "complex conspiracy" to defraud online followers out of more than $1 billion.
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