No bail for exiled Chinese businessman Guo Wengui

📆 6/15/2023 12:13 AM
📰 ChannelNewsAsia

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NEW YORK: A US appeals court in Manhattan on Wednesday (Jun 14) said the exiled Chinese businessman Guo Wengui should remain in jail while he awaits trial over an alleged fraud that federal prosecutors have said exceeds US$1 billion. The 2nd US Circuit Court of Appeals said it did not have a 'definite and

NEW YORK: A US appeals court in Manhattan on Wednesday said the exiled Chinese businessman Guo Wengui should remain in jail while he awaits trial over an alleged fraud that federal prosecutors have said exceeds US$1 billion.

Prosecutors have said Guo defrauded thousands of followers who invested in a media company, cryptocurrency and other ventures, and spent some proceeds on luxuries including a US$37 million yacht, a US$3.5 million Ferrari and a New Jersey mansion.

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No bail for exiled Chinese businessman Guo WenguiNEW YORK : A U.S. appeals court in Manhattan on Wednesday said the exiled Chinese businessman Guo Wengui should remain in jail while he awaits trial over an alleged fraud that federal prosecutors have said exceeds $1 billion.The 2nd U.S. Circuit Court of Appeals said it did not have a 'definite and firm c
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