Miles Guo was sentenced to 30 years in prison on June 29, 2026, for a $1B fraud scheme involving fake crypto platform Himalaya Exchange and GTV Media Group.

Guo said he came to the U.S. to destroy the Chinese Communist Party. But the judge said he instead diverted investor money to live lavishly.

A self-exiled billionaire Chinese business tycoon has been sentenced to 30 years in prison for his fraud conviction