Chinese billionaire Guo Wengui gets 30 years in U.S. prison for fraud conviction

In this courtroom sketch, Guo Wengui, Chinese business tycoon, makes his sentencing statement at Manhattan federal court in New York, Monday, June 29, 2026. Elizabeth Williams/AP

Elizabeth Williams/AP

NEW YORK — A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced Monday to 30 years in a U.S. prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars.