Self-exiled Chinese billionaire Guo Wengui, also known as Miles Guo, was sentenced to 30 years in a U.S. prison on Monday for fraud involving cryptocurrency, according to multiple media reports.
U.S. District Judge Analisa Torres also ordered Guo to forfeit $889 million in restitution as part of the sentencing.
Since fleeing China over a decade ago, Guo has portrayed himself as a critic of the Chinese Communist Party (CCP) and built a substantial online following, particularly among overseas Chinese communities.
Despite positioning himself as a champion for Chinese democracy, prosecutors stated that Guo exploited his followers by luring them into fraudulent investment schemes, including his cryptocurrency ventures.
Billion-dollar fraud
