Guo Wengui, a wealthy Chinese businessman known for his vocal opposition to the Chinese government, has been convicted of fraud in a New York federal court. Guo, who styled himself as a defender of democracy and was linked to US right-wing figure Steve Bannon, was found guilty of deceiving investors out of over $1 billion. He used his fame to attract funds for his companies, such as GTV Media and G/Clubs, promising lucrative returns or luxury services. Instead, he used the money for a lavish lifestyle, including a massive mansion, a $1 million Lamborghini, and a $37 million yacht. Guo faces a long prison sentence for charges including racketeering, securities fraud, wire fraud, and money laundering.
Last-Minute Rush: Bookstores, Bus Terminals, and Supermarkets Overwhelmed as Schools Resume
As schools begin the first term of 2025, parents are excited for their children to advance to the next grade. The December holiday provided a lengthy break, allowing families time…