Chinese tycoon Guo Wengui sentenced to 30 years in US prison for fraud

The Guardian UK Tuesday 30 June 2026, 04:22 UTC By Alastair McCready in Taipei 1 min read

Key Points

Guo Wengui, who gained fans for criticising China’s Communist party, was found guilty in 2024 on nine charges including money launderingA US federal court has sentenced exiled Chinese tycoon Guo Wengui to 30 years in prison, after he was convicted of defrauding thousands of people out of more than $1bn. In July 2024, a jury unanimously found Guo, also known as Ho Wan Kwok and Miles Guo, guilty on nine of 12 charges, including securities offences, wire fraud and money laundering. The FBI...

Guo Wengui, who gained fans for criticising China’s Communist party, was found guilty in 2024 on nine charges including money laundering

A US federal court has sentenced exiled Chinese tycoon Guo Wengui to 30 years in prison, after he was convicted of defrauding thousands of people out of more than $1bn.

In July 2024, a jury unanimously found Guo, also known as Ho Wan Kwok and Miles Guo, guilty on nine of 12 charges, including securities offences, wire fraud and money laundering. The FBI arrested Guo, who is in his fifties, in March 2023 at his luxury Manhattan apartment overlooking Central Park.

Chinese (ORG) Guo Wengui (PERSON) US (LOCATION) China (LOCATION) Communist (ORG) Guo (PERSON) Ho Wan Kwok (PERSON) Miles Guo (PERSON) FBI (ORG) Manhattan (LOCATION) Central Park (LOCATION)

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Chinese tycoon Guo Wengui sentenced to 30 years in US prison for fraud

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