Overview
- A Manhattan federal court handed Guo Wengui a 30‑year prison term on Monday, June 29, 2026, after a judge reviewed victims’ testimony at sentencing.
- A jury in July 2024 convicted Guo on nine of 12 counts, including fraud, securities offenses, wire fraud and money laundering.
- Federal prosecutors say Guo persuaded hundreds of thousands of followers to invest more than $1 billion in enterprises he controlled and that the fraud caused widespread financial and emotional harm to victims.
- Authorities say the schemes ran through GTV and membership programs, a Himalaya Exchange trading platform and H‑Coin tokens that prosecutors allege were false or unregistered.
- Guo plans to appeal and has argued he is persecuted by the Chinese government while separate SEC charges over H‑Coin and prior federal seizures of roughly $634 million keep civil and regulatory enforcement active.