business
Chinese tycoon sentenced to 30 years in US jail
Key takeaways
- Guo Wengui, who was once believed to be one of China's richest businessmen, has been sentenced to 30 years in jail in the US for running a billion dollar scam.
- The former property tycoon had fled China to the US in 2017, where he reinvented himself as a Communist Party critic and built a loyal online following.
- But Guo was later convicted on charges of racketeering, fraud and money laundering.
AFP via Getty Images Image caption, Chinese businessman Guo Wengui, or Miles Guo
Guo Wengui, who was once believed to be one of China's richest businessmen, has been sentenced to 30 years in jail in the US for running a billion dollar scam.
The former property tycoon had fled China to the US in 2017, where he reinvented himself as a Communist Party critic and built a loyal online following.
Article preview — originally published by BBC Business. Full story at the source.
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