Guo Wengui, the Self-exiled Chinese businessman, has been sentenced to 30 years in prison for orchestrating a massive fraud scheme. Prosecutors stated he defrauded supporters of over $1 billion, stealing at least $550 million. Guo, a vocal critic of China's Communist Party and co-founder of the New Federal State of China, was convicted of racketeering, securities fraud, and money laundering.

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.

Self-exiled Chinese billionaire Guo Wengui, who fostered ties to American right, gets 30 years in U.S. prison for fraud