Overview

• Yvette Wang confessed to orchestrating a fraud that swindled over $1 billion from global investors.
• The guilty plea occurred just weeks before Guo Wengui, her boss, is due for trial on related charges.
• Wang faces up to 10 years in prison; sentencing set for September 10.
• She has agreed to forfeit $1.4 billion in restitution to the U.S. government.
• Guo, associated with former Trump advisor Steve Bannon, maintains his innocence amid ongoing legal battles.