The chief of staff to exiled Chinese businessman Guo Wengui pleaded guilty on Friday to conspiring with him to carry out a massive scheme that defrauded thousands of investors out of more than $1 billion.
Item 1 of 2 Billionaire businessman Guo Wengui speaks during an interview in New York City, U.S., April 30, 2017. REUTERS/Brendan McDermid/File PhotoMay 3 -
Wang has been held in custody since she and Guo were arrested in March 2023. Wang now faces up to 10 years in prison when she goes before U.S. District Judge Analisa Torres for sentencing on Sept. 10, according to her Guo has been jailed in Brooklyn since his March 2023 arrest and is set to face trial on May 22 on charges that he and his accomplices defrauded investors in a media company, cryptocurrency and other ventures.
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