By Bitcoin.com 20 July 2024 | 9:30 am

Chinese Billionaire Convicted of Racketeering and Wire Fraud in US

Chinese Billionaire Convicted of Racketeering and Wire Fraud in USExiled 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 […]