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******** tycoon found guilty of ****** by US court

Self-exiled ******** businessman, Guo Wengui, has been convicted by a US court of stealing hundreds of millions of dollars from online followers.

He was found guilty on nine out of the 12 ********* counts he faced, including racketeering, ****** and money laundering.

Guo’s sentencing has been scheduled for 19 November and could face decades in prison.

He is a critic of ******** ********** party and was and an associate of Stephen Bannon, an ex-White House chief strategist under former president Donald Trump.

Prosecutors said Guo raised more than $1bn (£770bn) from online followers who joined him in investment and cryptocurrency schemes between 2018 and 2023.

Instead, the money was used to fund Guo’s lavish lifestyle which included a large mansion, a red Lamborghini and a yacht, they said.

“Thousands of Guo’s online followers were victimised so that Guo could live a life of excess,” the US Attorney in Manhattan, Damian Williams, said after the verdict.



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#******** #tycoon #guilty #****** #court

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