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Miles Guo Sentenced to 30 Years in U.S. Prison for $1 Billion Investor Fraud
An exiled Chinese tycoon received a 30-year prison term after defrauding investors of $1 billion. The case centers on Miles Guo, who had positioned himself as a critic of Beijing.
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Miles Guo was ordered to serve 30 years in a U.S. prison for defrauding investors of $1 billion, @business reported. Guo, an exiled Chinese tycoon, had promoted himself as a crusader against the communist government in Beijing.
The sentencing addresses the scale of losses sustained by investors in the scheme. The order marks the outcome of proceedings tied to Guo's activities in the United States.
Transparency
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