Guo Wengui, a Chinese businessman who fled from China more than a decade ago, was sentenced on Monday to 30 years in a U.S. prison for defrauding his online followers of more than $1 billion.
Guo, also known as Ho Wan Kwok and Miles Guo, became a vocal critic of the Chinese Communist Party (CCP) after moving to the United States in 2015, where he amassed a large online following.
Federal prosecutors said that Guo defrauded thousands of victims who invested in his companies from 2018 to 2023 and spent the money on luxury goods, including a New Jersey mansion, a Lamborghini, and a yacht….