Miles Guo was sentenced to 30 years in prison and ordered to forfeit $889 million for a $1 billion fraud scheme that included the fake Himalaya Coin crypto exchange.

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