US Federal Court in New York Sentences Exiled Businessman Guo Wengui to 30 Years in Prison and Confiscates Nearly $900 Million in Assets
On June 29, 2026, a US federal court in New York sentenced exiled businessman Guo Wengui for fraud, finding him guilty of defrauding supporters by using the anti-CCP movement to raise funds. He was sentenced to 30 years in prison and ordered to forfeit approximately $889 million in assets involved in the case.