Confidential documents show that Xiao Jianhua, a corrupt investor tied to China’s political elite, backed the country’s most successful and revered entrepreneur.
A federal jury found that Guo Wengui defrauded investors, many his own fervent supporters, of hundreds of millions of dollars. He could face decades in prison.
Guo Wengui fled China and allied with the American right in a quixotic quest to end Communist rule. U.S. prosecutors say he stole over $1 billion from his followers.