‘Destroyed hundreds of lives’: Chinese billionaire sentenced to 30 years in US prison

AI Summary

Chinese billionaire Guo Wengui was sentenced to 30 years in a US prison after defrauding hundreds of thousands of investors of over $1 billion, spending the funds on a lavish lifestyle including a superyacht and a New York penthouse.

Guo Wengui convinced hundreds of thousands of people to invest more than $US1 billion but instead spent their money on a lavish lifestyle that included a superyacht and a New York penthouse.