Stephen Foley and Kaye WigginsJun 30, 2026 – 3.52pmNew York | Miles Guo, the Chinese businessman who fled to New York and allied himself with China hawks in Donald Trump’s circle, has been sentenced to 30 years in prison for scamming more than $US550 million ($800 million) from his online followers.Guo “preyed” on people who hoped for a democratic China but “dedicated himself to increasing his own wealth”, Judge Analisa Torres told him at the sentencing hearing in New York on Monday (Tuesday AEST) that was attended by more than 100 of his supporters.Financial TimesSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Chinese exile Miles Guo given 30 years in prison for $800m fraud
Guo “preyed” on people who hoped for a democratic China but “dedicated himself to increasing his own wealth”, Judge Analisa Torres said at the sentencing hearing.
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