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.
Prosecutors put Guo Wengui on trial in New York for defrauding investors of $1 billion. His lawyers told jurors he was building an anti-Communist movement.
An investigation identified national security risks posed by a crypto facility in Wyoming. It is near an Air Force base and a data center doing work for the Pentagon.
A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country.
Microsoft reported one site in Wyoming because of its proximity to a data center and nuclear missile base. Records show other cryptocurrency facilities have ties to the Chinese state.
The consulting firm’s work with opioid makers is well known, but for decades McKinsey worked with Big Tobacco and has also advised Juul, the e-cigarette company.