Exiled Chinese Tycoon Guo Wengui Receives 30-Year Sentence After US Court Uncovers US$1 Billion Investment And Crypto Fraud
Chinese businessman Guo Wengui was sentenced to 30 years in a US prison for running a fraud scheme that raised more than US$1 billion from investors and supporters. Part of the scheme involved promoting H-Coin with false claims that the cryptocurrency was backed by gold, helping him raise more than US$262 million.
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