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2min chapter
Chinese Tycoon Convicted & Homeless Veterans' Plight
Bloomberg Law
Intro
The chapter delves into the case of Guo Weng-hui, a Chinese tycoon convicted of fraud and racketeering for swindling investors out of $1 billion to finance his lavish lifestyle, with prosecutors alleging he diverted funds meant for legitimate businesses to support his extravagant possessions. Bloomberg legal reporter Ava Benny Morrison offers analysis on the trial and outlines the prosecution's claims against the tycoon.
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