Overview

• Sherry Xue Li admitted to money laundering conspiracy and conspiring to defraud the United States by obstructing Federal Election Commission rules.
• She agreed to forfeit $31.5 million and three properties and faces up to 20 years in prison ahead of her December 5 sentencing.
• Over nearly a decade, Li and co-defendant Lianbo Wang defrauded more than 150 investors—many from China—by promising green cards through the fictitious Thompson Education Center.
• Li and Wang siphoned investments through shell companies to fund personal expenses including luxury travel, housing, jewelry and upscale dining.
• They also acted as straw donors by charging foreign nationals up to $93,000 apiece for access to a June 28, 2017 Trump fundraiser, then made $600,000 in unlawful contributions.