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Guo Wengui, a Chinese businessman and critic of the Chinese Communist Party, was sentenced to 30 years in a US federal court for running a billion-dollar scam. Having fled China in 2017, he raised over $1 billion from online followers through investment and cryptocurrency schemes between 2018 and 2023, using the funds to support a lavish lifestyle. The court found that Guo exploited his supporters' trust and preyed on those seeking democracy in China for personal gain.
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