Chinese Businessman Guo Wengui Convicted For $1 Billion Crypto Scam

Quick Summary:

Guo Wengui, a Chinese billionaire linked to Donald Trump’s former Senior Counselor, was found guilty of several charges, including racketeering conspiracy and wire fraud.

The self-exiled businessman, who is known as a vocal critic of the Chinese Communist Party (CCP), is set to be sentenced to decades in prison for his $1 billion crypto scheme.

In his closing argument, Finkel called Guo the man “who spouted devious lies to trick his followers into giving him money.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: Hungary

Topics: Crypto News FBI Crypto Market US judge US SEC Bitcoin Steve Bannon Crypto Scam Donald Trump BTCUSDT Btc H-Coin scam Crypto Scheme Guo Wengui

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 08:00:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21671956

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 9 hours ago

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