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Exiled Chinese Tycoon Guo Gets 30 Years in US Prison for Fraud

Exiled Chinese Tycoon Guo Gets 30 Years in US Prison for Fraud
Bloomberg Technology Monday 29 June 2026, 21:48 UTC By Bob Van Voris 1 min read
Key Points

Exiled Chinese Tycoon Guo Gets 30 Years in US Prison for Fraud Exiled Chinese tycoon Miles Guo, who promoted himself as a crusader against the communist government in Beijing, was ordered to spend 30 years in a US prison for duping investors out of $1 billion. Guo was sentenced Monday in federal court in Manhattan, nearly two years after he was convicted of defrauding online followers attracted by his criticisms of the Chinese government. Guo sold them supposed investment opportunities but...

Exiled Chinese Tycoon Guo Gets 30 Years in US Prison for Fraud Exiled Chinese tycoon Miles Guo, who promoted himself as a crusader against the communist government in Beijing, was ordered to spend 30 years in a US prison for duping investors out of $1 billion. Guo was sentenced Monday in federal court in Manhattan, nearly two years after he was convicted of defrauding online followers attracted by his criticisms of the Chinese government. Guo sold them supposed investment opportunities but instead spent their money on a lavish lifestyle that included a 152-foot superyacht and a penthouse at the Sherry-Netherland on Fifth Avenue.
Chinese (ORG) Guo Gets (PERSON) US (LOCATION) Miles Guo (PERSON) Beijing (LOCATION) Guo (PERSON) Manhattan (LOCATION) the Sherry-Netherland (LOCATION) Fifth Avenue (LOCATION)
Originally published by Bloomberg Technology Read original →

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