A United States federal judge in Manhattan sentenced self-exiled Chinese billionaire Guo Wengui to 30 years in prison on Monday, June 30, 2026.
Judge Analisa Torres handed down the lengthy prison term in a Manhattan court.
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She also ordered the real estate tycoon to forfeit $889 million in restitution following his 2024 conviction for fraud, money laundering, and various securities offenses.
The financial crimes occurred between 2018 and 2023, after Guo relocated to the United States in 2015.
Guo had fled China a decade ago and established a public profile as a fierce critic of the Chinese Communist Party.
Judge Torres stated that Guo "preyed on those seeking to bring Democracy to China."
She noted that Guo, also known as Miles Guo and Ho Wan Kwok, used the stolen funds to finance a lavish lifestyle.
Torres further noted that the defendant took no responsibility for his fraudulent operations.
"And instead insists, incredibly, his conduct caused no loss and harmed no one," Judge Torres said.
The court reviewed several victim impact letters outlining severe financial devastation, emotional distress, and broken family relationships.
One victim appeared in person to describe the direct impact of the multi-million dollar scheme on her family.
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"Destroyed my life," said Wei Chen, a victim who testified at the trial.
Federal prosecutors had requested a minimum 30-year sentence, arguing that the defendant's actions caused widespread psychological and financial wreckage for hundreds of families.
