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Chinese businessman's chief of staff sentenced to 10 years for role in $1 billion fraud

share-iconTuesday, January 07 comment-icon2 weeks ago 5 views
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apnewsAPNEWS
Chinese businessman's chief of staff sentenced to 10 years for role in $1 billion fraud

Credited from: APNEWS

  • Yvette Wang, the chief of staff for Chinese businessman Guo Wengui, has been sentenced to 10 years in prison
  • Wang was deemed an integral part of a conspiracy that led to a $1 billion fraud case.
  • Her arrest in March 2023 came after FBI agents discovered $130,000 in cash in her apartment.
  • She entered a guilty plea in May and was ordered to forfeit $1.4 billion.
  • The fraud spanned from 2018 to March 2023, misleading victims to invest in entities linked to Guo.

Read more at the original article: AP News

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