An independent civil record. No government funds it, and none speaks for it. Sources Editorial position For teachers 中文
uschina.us A public record of what Americans and Chinese have built, funded, taught and defended together.
Home / American support / Criminal accountability
America → China

A billion-dollar fraud, and the courtroom it ended in.

2023–2026 · Case 7 of 15

Guo Wengui, known publicly as Miles Guo, was arrested in March 2023 and convicted in the Southern District of New York on 16 July 2024, on nine of twelve counts including racketeering conspiracy, securities fraud, wire fraud and money laundering. The government's case described a scheme that solicited more than a billion dollars from thousands of followers, many of them members of the Chinese diaspora he had built his following within.

Judge Analisa Torres sentenced him on 29 June 2026 to thirty years in prison, and ordered forfeiture of $889 million along with a $26.5 million New Jersey estate and a collection of luxury cars. The United States had already seized more than $630 million of his criminal proceeds between 2022 and 2023. His co-defendant, Yanping "Yvette" Wang, pleaded guilty on 3 May 2024.

The Guo case is the largest example of a pattern, not the only one. In 2017 the Central District of California sentenced Jason Shiao, also known as Zheng Yi Xiao, to two years for running a marriage-fraud scheme that charged at least 87 foreign nationals, most of them Chinese citizens, up to $50,000 each. In Illinois, Weiyun "Kelly" Huang was sentenced to 37 months for selling fraudulent employment verification to Chinese nationals through the Findream and Sinocontech schemes.

30 years, $889 million Sentence and forfeiture ordered against Guo Wengui, on top of more than $630 million in proceeds already seized before trial.

Sources: US Department of Justice, Southern District of New York, press release on the Guo Wengui sentencing; US Department of Justice, Central District of California, press release on the Jason Shiao sentencing, 24 April 2017; US Department of Justice, Northern District of Illinois, press release on the Weiyun Huang sentencing. These are prosecutions of fraud victimizing Chinese nationals and the Chinese diaspora; they are not a comprehensive account of US enforcement against Chinese official corruption, which a fuller draft of this case would need to treat separately.