Prosecutors said Guo Wengui used the money to fund his lavish lifestyle, such as purchasing a New Jersey mansion, a red Lamborghini and a yacht.

Wengui, a self-exiled Chinese business tycoon whose criticism of the Communist Party won him legions of online followers and powerful friends in the American conservative movement, was convicted ...

Billionaire Guo Wengui was convicted by a U.S. jury Tuesday of engaging in a massive multiyear fraud that ripped off his fans. He was known for ties to former Trump advisoer Steve Bannon.

By LARRY NEUMEISTER NEW YORK (AP) — Guo Wengui, a self-exiled Chinese business tycoon whose criticism of the Communist Party won him legions of online followers and powerful friends in the ...