business
Self-exiled Chinese billionaire gets 30 years in US jail for ‘astonishing’ fraud
By CNN Newsource at KVIA ABC-7
· June 30, 2026
· 4 min read
Associated Press
New York (AP) — A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced Monday to 30 years in a US prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of do...
Key takeaway “When I came here, I said: ‘I have a tummy ache, I need to go to the bathroom, I don’t feel well,’” Guo said through an interpreter of his courthouse arrival.
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Category: business ·
Published: June 30, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 4 min
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What is this story about? Associated Press
New York (AP) — A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced Monday to 30 years in a US prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of do...
When was this published? This article was first published on June 30, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The El Paso, or browse our daily briefing and topic hubs .
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