Wang Yanping Pleads Guilty
Wang Yanping pleaded guilty before a judge to two charges: wire fraud conspiracy and money laundering. She accepted a $1.4 billion judgment, split between restitution for investors and forfeiture of criminal proceeds.
Wang Yanping pleaded guilty before a judge to two charges: wire fraud conspiracy and money laundering. She accepted a $1.4 billion judgment, split between restitution for investors and forfeiture of criminal proceeds.
FBI agents arrested Guo Wengui and Wang Yanping in Manhattan, USA, and seized a large amount of cash from Wang Yanping's apartment. On the same day, the U.S. Attorney's Office for the Southern District of New York released a twelve-count indictment against Guo Wengui.