Guo Wengui, a self-exiled Chinese business tycoon whose criticism of the Communist Party won him legions of online followers was convicted by a U.S. jury engaging in a massive multiyear fraud that ripped off some of his most devoted fans.
Guo, who left China in 2014 during an anticorruption crackdown that ensnared people close to him.
Chinese authorities accused him of rape, kidnapping, bribery and other crimes, but Guo said those allegations were false and designed to punish him for publicly revealing corruption as he criticized leading figures in the Communist Party.
Prosecutors say hundreds of thousands of people were convinced to invest more than $1 billion in entities Guo controlled. Among those businesses and organizations was Guo’s media company, GTV Media Group Inc., and his so-called Himalaya Farm Alliance and the Himalaya Exchange.
Chinese authorities accused him of rape, kidnapping, bribery and other crimes, but Guo said those allegations were false and designed to punish him for publicly revealing corruption as he criticized leading figures in the Communist Party.
Prosecutors say hundreds of thousands of people were convinced to invest more than $1 billion in entities Guo controlled. Among those businesses and organizations was Guo’s media company, GTV Media Group Inc., and his so-called Himalaya Farm Alliance and the Himalaya Exchange.
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