Overview

• Guo Wengui was convicted on nine out of twelve criminal counts, including racketeering conspiracy and wire fraud.
• The fraud scheme, running from 2018 to 2023, involved over $1 billion taken from thousands of followers.
• Prosecutors highlighted Guo's extravagant expenditures, including luxury homes, cars, and a yacht.
• Guo's defense argued that the case lacked specific evidence and was politically motivated by his anti-Communist stance.
• Guo's sentencing is set for November, with potential decades-long imprisonment.