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Published 14 days ago

Self-exiled Chinese businessman's chief of staff pleads guilty weeks before trial

  • Wang, chief of staff to exiled businessman Guo Wengui, pleaded guilty in New York to a fraud conspiracy worth over $1 billion, according to prosecutors.
  • Wang agreed to pay $1.4 billion in restitution and forfeit the same amount, under the direction of Manhattan U.S. Attorney Damian Williams.
  • She could face up to 10 years in prison for wire fraud and money laundering conspiracy charges.
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