The chief of staff of a Chinese businessman sought by the government of China pleaded guilty to conspiracy charges on Friday, weeks before her boss goes to trial in New York in a $1 billion fraud case.Yvette Wang entered the plea in Manhattan federal court three weeks...
The chief of staff of a Chinese businessman sought by the government of China pleaded guilty to conspiracy charges on Friday, weeks before her boss goes to trial in New York in a $1 billion fraud case.
At a sentencing scheduled for Sept. 10, Wang faces up to 10 years in prison. Without the plea, she could have faced life in prison if she was convicted. Prosecutors say hundreds of thousands of investors were convinced to invest more than $1 billion into entities Guo controlled.
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