Guo Wengui Sentenced to 30 Years in Prison on Multiple Fraud and Money Laundering Charges
Guo Wengui was sentenced to 30 years in prison, facing charges including wire fraud, securities fraud, bank fraud, and money laundering.
Guo Wengui was sentenced to 30 years in prison, facing charges including wire fraud, securities fraud, bank fraud, and money laundering.
Host Zhai Shanying mentioned the case of Guo Wengui being sentenced to thirty years in prison during the live broadcast.
The New York Federal Court rendered a verdict in the fraud case of Chinese billionaire Guo Wengui, who is in exile in the United States; Guo was sentenced to thirty years in prison for fraud, money laundering and other charges, and ordered to forfeit approximately $889 million in illicit gains.
A federal court in New York, US, sentenced Chinese businessman Guo Wengui to 30 years in prison and ordered the forfeiture of approximately $889 million in assets related to the case.
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.
Official data shows that in 2025, nearly 160,000 people nationwide were disciplined for issues such as "inaction, arbitrary actions, and fraud," a year-on-year increase of 16%.
A jury found Guo Wengui guilty on nine counts and not guilty on three. The guilty charges include racketeering conspiracy, wire fraud conspiracy, and securities fraud.
Guo Wengui was found guilty by a U.S. jury on nine felony charges, including racketeering conspiracy, securities fraud, and money laundering conspiracy.
After a seven-week trial, a US jury found Guo Wengui guilty of conspiracy to commit wire fraud, securities fraud, and money laundering, among other charges.
The trial of Guo Wengui began in Courtroom 15D of the U.S. District Court for the Southern District of New York in Manhattan and lasted for seven weeks.
Prosecutors submitted an update to the original indictment, adding Racketeer Influenced and Corrupt Organizations Act (RICO) charges and framing Guo Wengui's four alleged distinct fraud schemes as the manifestation of a criminal enterprise.
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.
At the same time the FBI arrested Guo Wengui, a level-two fire broke out at his residence, forcing FBI agents to evacuate. Later investigations concluded that the fire was arson.
The host mentioned that when Guo Wengui had his first incident in 2023, he specifically did a live broadcast to talk about his affairs.
From April to June 2020, GTV and other companies under Guo Wengui sold unregistered stocks and Gcoins to more than 5,000 investors, raising approximately $487 million; in September 2021, three companies agreed to pay $539 million to settle.