Exiled Chinese Businessman Fraud Arrest

A self-exiled billionaire Chinese business tycoon has been sentenced to 30 years in prison for a fraud conviction. Judge Analisa Torres sentenced Guo Wengui on Monday in Manhattan federal court, saying he still insists incredibly that his conduct caused no loss and harmed no one. Given a chance to speak, Guo said he came to the U.S. to destroy the Chinese Communist Party. But the judge said he instead diverted investor money to live lavishly. Guo left China a decade ago and reinvented himself as a critic of the Communist Party. Defense lawyers, meanwhile, asked for leniency, saying a harsh sentence would embolden the Chinese government to target others in the U.S.