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Self-exiled Chinese billionaire gets 30 years in US jail for ‘astonishing’ fraud

Posted on June 30, 2026
By CNN
1 Views
1 min read

Self-exiled Chinese billionaire gets 30 years in US jail for ‘astonishing’ fraud

A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced Monday to 30 years in a U.S. prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars.