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A self-exiled Chinese billionaire identified as Guo was sentenced to 30 years in prison for orchestrating a fraud conspiracy exceeding $1 billion that involved cryptocurrency.
The case marks one of the largest crypto-linked fraud prosecutions tied to a named individual in recent memory.
The Charges and Sentence Guo was convicted on charges stemming from a fraud conspiracy that prosecutors said topped $1 billion.
Authorities arrested him in 2023, and the sentencing now closes the criminal phase of a case that drew attention for both its scale and the profile of the defendant.
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