Self-exiled Chinese billionaire Miles Guo has been sentenced to 30 years in a U.S. prison after being convicted in a fraud scheme that prosecutors said stole more than $1 billion from investors through multiple ventures, including cryptocurrency.
Summary
- Miles Guo was sentenced to 30 years in a U.S. prison and ordered to forfeit $889 million after his fraud conviction.
- Prosecutors said the scheme raised more than $1 billion from investors through multiple ventures, including the Himalaya Exchange and Himalaya Coin.
- The sentencing comes as crypto related financial crime continues to face tighter enforcement in both the United States and China.
According to multiple…
